Venturi Wealth Management LLC Acquires 3,215 Shares of Valmont Industries, Inc. (NYSE:VMI)

Venturi Wealth Management LLC grew its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1,037.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,525 shares of the industrial products company's stock after acquiring an additional 3,215 shares during the period. Venturi Wealth Management LLC's holdings in Valmont Industries were worth $1,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in VMI. Norges Bank purchased a new position in shares of Valmont Industries in the fourth quarter valued at about $67,822,000. Allianz Asset Management GmbH lifted its position in shares of Valmont Industries by 118.0% in the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after buying an additional 148,740 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after buying an additional 94,884 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Valmont Industries by 51,911.3% in the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock worth $18,405,000 after buying an additional 64,370 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Valmont Industries in the fourth quarter worth about $14,180,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson boosted their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Finally, Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday.

Valmont Industries Trading Up 1.0%

NYSE VMI traded up $3.44 during trading hours on Friday, hitting $360.83. 115,244 shares of the company were exchanged, compared to its average volume of 199,318. The stock has a 50-day moving average price of $329.05 and a 200 day moving average price of $319.09. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $379.22. The stock has a market cap of $7.24 billion, a PE ratio of 33.60 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share 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 company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the firm posted $4.91 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 0.75%. Valmont Industries's dividend payout ratio is 25.33%.

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.