NBC Securities Inc. Acquires 1,625 Shares of Valmont Industries, Inc. (NYSE:VMI)

NBC Securities Inc. raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 162,500.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,626 shares of the industrial products company's stock after buying an additional 1,625 shares during the quarter. NBC Securities Inc.'s holdings in Valmont Industries were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC grew its holdings in Valmont Industries by 16.2% during the 4th quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock valued at $2,025,000 after buying an additional 922 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Valmont Industries by 70.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after purchasing an additional 19,096 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of Valmont Industries by 73.6% in the fourth quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock valued at $9,300,000 after purchasing an additional 12,854 shares in the last quarter. US Bancorp DE grew its holdings in shares of Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after purchasing an additional 56,079 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Valmont Industries by 8.2% in the fourth quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company's stock valued at $83,814,000 after purchasing an additional 20,744 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VMI shares. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Stifel Nicolaus raised their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th.

Valmont Industries Trading Up 1.0%

VMI traded up $3.33 during trading on Friday, reaching $325.53. The company had a trading volume of 100,113 shares, compared to its average volume of 140,627. The stock has a market cap of $6.53 billion, a P/E ratio of 18.95 and a beta of 1.13. The business has a 50 day simple moving average of $299.84 and a 200-day simple moving average of $317.39. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. On average, equities 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 $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 0.84%. Valmont Industries's dividend payout ratio is presently 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.