Banque Cantonale Vaudoise Invests $269,000 in Valmont Industries, Inc. (NYSE:VMI)

Banque Cantonale Vaudoise acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 944 shares of the industrial products company's stock, valued at approximately $269,000.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Valmont Industries by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after purchasing an additional 9,201 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Valmont Industries by 4.3% in the 4th quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after buying an additional 16,302 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Valmont Industries by 3.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock valued at $85,583,000 after buying an additional 9,979 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Valmont Industries by 118.0% during the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after acquiring an additional 148,740 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Valmont Industries by 20.8% during the 4th quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock worth $61,812,000 after acquiring an additional 34,666 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

Valmont Industries stock opened at $358.64 on Friday. The firm has a fifty day simple moving average of $333.59 and a two-hundred day simple moving average of $320.84. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The company has a market capitalization of $7.20 billion, a PE ratio of 33.39 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $4.91 EPS. Valmont Industries's revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's payout ratio is presently 25.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on VMI. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday. Stifel Nicolaus increased their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. DA Davidson boosted their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.

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