Moloney Securities Asset Management LLC Has $269,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Moloney Securities Asset Management LLC reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 51.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 942 shares of the industrial products company's stock after selling 1,015 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Valmont Industries were worth $269,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in VMI. Arcadia Investment Management Corp MI lifted its stake in Valmont Industries by 27.3% in the first quarter. Arcadia Investment Management Corp MI now owns 1,143 shares of the industrial products company's stock valued at $326,000 after acquiring an additional 245 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its stake in shares of Valmont Industries by 3.8% in the first quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock worth $334,000 after buying an additional 43 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Valmont Industries in the first quarter worth $317,000. Financial Counselors Inc. acquired a new stake in shares of Valmont Industries in the first quarter worth $724,000. Finally, SMART Wealth LLC acquired a new stake in shares of Valmont Industries in the first quarter worth $497,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus upped their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd.

Valmont Industries Stock Down 1.3%

VMI opened at $335.74 on Friday. The firm's 50-day simple moving average is $323.21 and its 200-day simple 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. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 19.54 and a beta of 1.12.

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

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.81%. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

About Valmont Industries

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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