Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL increased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,787 shares of the industrial products company's stock after purchasing an additional 1,568 shares during the quarter. Blair William & Co. IL owned 0.24% of Valmont Industries worth $13,922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in Valmont Industries by 37.8% in the fourth quarter. LPL Financial LLC now owns 3,999 shares of the industrial products company's stock valued at $1,226,000 after acquiring an additional 1,098 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Valmont Industries by 11.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,100 shares of the industrial products company's stock valued at $951,000 after acquiring an additional 314 shares during the period. Schroder Investment Management Group acquired a new position in Valmont Industries in the fourth quarter valued at approximately $1,438,000. O Shaughnessy Asset Management LLC lifted its holdings in Valmont Industries by 44.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,206 shares of the industrial products company's stock valued at $370,000 after acquiring an additional 370 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Valmont Industries by 24.6% in the fourth quarter. Alliancebernstein L.P. now owns 40,748 shares of the industrial products company's stock valued at $12,496,000 after acquiring an additional 8,047 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Up 1.8%

Shares of VMI opened at $365.02 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $379.22. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 33.99 and a beta of 1.12. The stock has a 50 day moving average price of $334.64 and a 200 day moving average price of $320.93.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the business earned $4.91 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's dividend payout ratio is presently 25.33%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VMI. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Wall Street Zen cut Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday. Stifel Nicolaus boosted their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, DA Davidson boosted their price objective on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd.

Valmont Industries 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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