Yarbrough Capital LLC Increases Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Yarbrough Capital LLC lifted its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 42.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,730 shares of the industrial products company's stock after purchasing an additional 1,110 shares during the quarter. Yarbrough Capital LLC's holdings in Valmont Industries were worth $1,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Congress Asset Management Co. boosted its holdings in shares of Valmont Industries by 10.4% in the 1st quarter. Congress Asset Management Co. now owns 62,045 shares of the industrial products company's stock worth $17,706,000 after purchasing an additional 5,852 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Valmont Industries by 38.1% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,571 shares of the industrial products company's stock valued at $734,000 after acquiring an additional 709 shares during the period. Portside Wealth Group LLC boosted its holdings in Valmont Industries by 9.8% during the 1st quarter. Portside Wealth Group LLC now owns 829 shares of the industrial products company's stock valued at $254,000 after acquiring an additional 74 shares during the period. NBC Securities Inc. boosted its holdings in Valmont Industries by 162,500.0% during the 1st quarter. NBC Securities Inc. now owns 1,626 shares of the industrial products company's stock valued at $464,000 after acquiring an additional 1,625 shares during the period. Finally, Rhumbline Advisers boosted its holdings in Valmont Industries by 0.9% during the 1st quarter. Rhumbline Advisers now owns 53,734 shares of the industrial products company's stock valued at $15,334,000 after acquiring an additional 454 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

VMI has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

Valmont Industries Price Performance

Shares of VMI stock opened at $325.53 on Friday. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 18.95 and a beta of 1.13. The stock has a fifty day simple moving average of $299.84 and a two-hundred day simple moving average of $317.24. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results 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. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. On average, analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio is 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.

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