MQS Management LLC Acquires Shares of 1,540 Valmont Industries, Inc. (NYSE:VMI)

MQS Management LLC bought a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,540 shares of the industrial products company's stock, valued at approximately $439,000.

Several other institutional investors also recently modified their holdings of VMI. Schechter Investment Advisors LLC lifted its holdings in Valmont Industries by 8.3% during the first quarter. Schechter Investment Advisors LLC now owns 4,526 shares of the industrial products company's stock worth $1,292,000 after acquiring an additional 348 shares during the period. New York State Common Retirement Fund raised its stake in shares of Valmont Industries by 9.3% during the 1st quarter. New York State Common Retirement Fund now owns 11,726 shares of the industrial products company's stock worth $3,346,000 after purchasing an additional 1,000 shares during the period. Diversify Wealth Management LLC boosted its holdings in shares of Valmont Industries by 47.2% in the 1st quarter. Diversify Wealth Management LLC now owns 2,814 shares of the industrial products company's stock worth $832,000 after buying an additional 902 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Valmont Industries in the 1st quarter worth about $207,000. Finally, Alps Advisors Inc. bought a new position in Valmont Industries during the first quarter valued at about $314,000. 87.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $335.74 on Monday. The firm has a market capitalization of $6.74 billion, a PE ratio of 19.54 and a beta of 1.12. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $323.21 and a two-hundred day moving average price of $316.66. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS 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 company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

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

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.

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