Verity Asset Management Inc. Purchases 1,118 Shares of Valmont Industries, Inc. (NYSE:VMI)

Verity Asset Management Inc. lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 25.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,574 shares of the industrial products company's stock after purchasing an additional 1,118 shares during the quarter. Verity Asset Management Inc.'s holdings in Valmont Industries were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. LaFleur & Godfrey LLC lifted its holdings in shares of Valmont Industries by 2.3% during the fourth quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock valued at $4,254,000 after acquiring an additional 308 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Valmont Industries by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock worth $1,211,000 after purchasing an additional 34 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares during the last quarter. US Bancorp DE boosted its position in 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 buying an additional 56,079 shares in the last quarter. Finally, Norden Group LLC boosted its holdings in shares of Valmont Industries by 4.6% in the 4th quarter. Norden Group LLC now owns 2,937 shares of the industrial products company's stock worth $901,000 after acquiring an additional 129 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Price Performance

VMI stock opened at $333.60 on Monday. The stock has a 50-day moving average price of $313.84 and a two-hundred day moving average price of $315.06. 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 $6.70 billion, a PE ratio of 19.42 and a beta of 1.13. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.08. The company had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. Equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced 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. This represents a $2.72 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is currently 15.83%.

Wall Street Analyst Weigh In

VMI has been the topic of several research reports. Stifel Nicolaus upped their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st.

Valmont Industries Company 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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