Financial Counselors Inc. Buys New Position in Valmont Industries, Inc. (NYSE:VMI)

Financial Counselors Inc. bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,537 shares of the industrial products company's stock, valued at approximately $724,000.

Several other large investors have also made changes to their positions in VMI. PNC Financial Services Group Inc. raised its stake in Valmont Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock valued at $472,000 after purchasing an additional 35 shares during the last quarter. Arizona State Retirement System raised its stake in Valmont Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock valued at $1,795,000 after purchasing an additional 38 shares during the last quarter. Diametric Capital LP raised its stake in Valmont Industries by 2.2% in the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock valued at $546,000 after purchasing an additional 39 shares during the last quarter. TBH Global Asset Management LLC grew its holdings in Valmont Industries by 1.5% in the 1st quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock valued at $1,126,000 after buying an additional 58 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Valmont Industries by 2.6% in the 1st quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock valued at $669,000 after buying an additional 60 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Trading Down 1.3%

Shares of NYSE VMI traded down $4.36 during mid-day trading on Friday, reaching $335.74. 165,282 shares of the company's stock were exchanged, compared to its average volume of 140,611. The company's 50-day moving average is $323.21 and its 200-day moving average is $316.58. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 19.54 and a beta of 1.12. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.81%. Valmont Industries's dividend payout ratio is currently 15.83%.

Wall Street Analyst Weigh In

VMI has been the subject of several analyst reports. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus upped their target price on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st.

Valmont Industries Company 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.