Segall Bryant & Hamill LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,901 shares of the industrial products company's stock after purchasing an additional 9,979 shares during the period. Valmont Industries comprises approximately 1.3% of Segall Bryant & Hamill LLC's portfolio, making the stock its 4th biggest holding. Segall Bryant & Hamill LLC owned 1.49% of Valmont Industries worth $85,583,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its position in shares of 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 bought a new position in Valmont Industries in the first quarter valued at $439,000. Schechter Investment Advisors LLC increased its stake in Valmont Industries by 8.3% in the first quarter. Schechter Investment Advisors LLC now owns 4,526 shares of the industrial products company's stock valued at $1,292,000 after acquiring an additional 348 shares during the last quarter. New York State Common Retirement Fund increased its stake in Valmont Industries by 9.3% in the first quarter. New York State Common Retirement Fund now owns 11,726 shares of the industrial products company's stock valued at $3,346,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its stake in Valmont Industries by 47.2% in the first quarter. Diversify Wealth Management LLC now owns 2,814 shares of the industrial products company's stock valued at $832,000 after acquiring an additional 902 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.
Valmont Industries Stock Down 0.3%
NYSE VMI traded down $0.99 during mid-day trading on Friday, reaching $335.25. The stock had a trading volume of 73,921 shares, compared to its average volume of 140,302. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $379.22. The stock has a market cap of $6.73 billion, a PE ratio of 19.56 and a beta of 1.12. The company has a fifty day moving average price of $325.38 and a 200 day moving average price of $317.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.26 and a quick ratio of 1.50.
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. The business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. On average, research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.
Valmont Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was 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 is presently 15.83%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on VMI shares. Stifel Nicolaus raised their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.
Check Out Our Latest Stock Analysis on Valmont Industries
Valmont Industries Company Profile
(
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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