Blair William & Co. IL purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,736 shares of the industrial products company’s stock, valued at approximately $273,000.

A number of other institutional investors have also made changes to their positions in the stock. Pinnacle Bank acquired a new position in shares of Valmont Industries during the first quarter valued at about $117,000. Elkfork Partners LLC acquired a new position in shares of Valmont Industries during the fourth quarter valued at about $162,000. Janney Montgomery Scott LLC acquired a new position in shares of Valmont Industries during the first quarter valued at about $207,000. Timber Hill LLC acquired a new position in shares of Valmont Industries during the first quarter valued at about $209,000. Finally, World Asset Management Inc boosted its position in shares of Valmont Industries by 10.0% in the first quarter. World Asset Management Inc now owns 1,722 shares of the industrial products company’s stock valued at $268,000 after buying an additional 157 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

Shares of Valmont Industries, Inc. (NYSE VMI) opened at 150.70 on Friday. The stock’s 50 day moving average is $149.65 and its 200 day moving average is $149.09. Valmont Industries, Inc. has a 52-week low of $120.65 and a 52-week high of $165.20. The firm has a market capitalization of $3.40 billion, a PE ratio of 19.07 and a beta of 0.99.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, April 19th. The industrial products company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.64 by $0.08. The company had revenue of $637.47 million for the quarter, compared to the consensus estimate of $626.02 million. Valmont Industries had a net margin of 6.99% and a return on equity of 14.93%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. On average, equities research analysts forecast that Valmont Industries, Inc. will post $7.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, June 28th. Valmont Industries’s payout ratio is currently 18.96%.

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VMI has been the subject of several recent analyst reports. William Blair reiterated a “market perform” rating on shares of Valmont Industries in a research report on Sunday, April 23rd. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Sunday, April 23rd. Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $171.00 price objective for the company in a research report on Friday, May 12th. BidaskClub upgraded shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, TheStreet upgraded shares of Valmont Industries from a “c” rating to a “b-” rating in a research report on Tuesday, February 21st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $167.00.

Valmont Industries Company Profile

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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