Pioneer Trust Bank N A OR reduced its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,913 shares of the industrial products company's stock after selling 2,642 shares during the quarter. Valmont Industries makes up 4.0% of Pioneer Trust Bank N A OR's portfolio, making the stock its 5th largest holding. Pioneer Trust Bank N A OR owned approximately 0.26% of Valmont Industries worth $15,100,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its stake in Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after acquiring an additional 52 shares in the last quarter. MQS Management LLC acquired a new position in Valmont Industries during the first quarter worth $439,000. Schechter Investment Advisors LLC raised its stake 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 in the last quarter. New York State Common Retirement Fund raised its stake in Valmont Industries by 9.3% during the first quarter. New York State Common Retirement Fund now owns 11,726 shares of the industrial products company's stock worth $3,346,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its stake in Valmont Industries by 47.2% during the first quarter. Diversify Wealth Management LLC now owns 2,814 shares of the industrial products company's stock worth $832,000 after acquiring an additional 902 shares in the last quarter. 87.84% of the stock is owned by institutional investors.
Valmont Industries Stock Performance
Shares of NYSE:VMI opened at $335.74 on Monday. 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 PE ratio of 19.54 and a beta of 1.12. 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 business has a fifty day moving average of $323.21 and a 200-day moving average of $316.66.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, beating 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 company had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. On average, equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $0.68 dividend. 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 payout ratio is 15.83%.
Analysts Set New Price Targets
VMI has been the subject of several recent analyst reports. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Stifel Nicolaus increased their price objective on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.
Read Our Latest Research Report on VMI
Valmont Industries Company Profile
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Free Report)
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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