QV Investors Inc. decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 150,619 shares of the industrial products company’s stock after selling 12,697 shares during the period. Valmont Industries makes up 2.0% of QV Investors Inc.’s holdings, making the stock its 19th largest position. QV Investors Inc. owned 0.67% of Valmont Industries worth $23,812,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Valmont Industries by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,869,447 shares of the industrial products company’s stock worth $279,669,000 after buying an additional 90,745 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Valmont Industries by 13,061.6% during the 1st quarter. BlackRock Inc. now owns 1,764,835 shares of the industrial products company’s stock worth $274,432,000 after buying an additional 1,751,426 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Valmont Industries by 53.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 623,558 shares of the industrial products company’s stock worth $98,585,000 after buying an additional 215,893 shares during the last quarter. State Street Corp lifted its stake in Valmont Industries by 1.6% in the 1st quarter. State Street Corp now owns 592,014 shares of the industrial products company’s stock valued at $92,059,000 after purchasing an additional 9,182 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Valmont Industries by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 531,399 shares of the industrial products company’s stock valued at $79,496,000 after purchasing an additional 18,865 shares during the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.
Several brokerages have recently commented on VMI. Boenning Scattergood reissued a “buy” rating and issued a $185.00 price objective on shares of Valmont Industries in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research report on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and issued a $183.00 target price on shares of Valmont Industries in a research report on Tuesday, October 17th. Finally, Seaport Global Securities began coverage on shares of Valmont Industries in a report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $176.50.
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Valmont Industries, Inc. (NYSE:VMI) traded up $3.70 on Friday, reaching $158.45. 205,100 shares of the company’s stock traded hands, compared to its average volume of 130,114. Valmont Industries, Inc. has a 12-month low of $135.75 and a 12-month high of $165.20. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $3,498.54, a P/E ratio of 22.56, a P/E/G ratio of 2.22 and a beta of 1.03.
Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.04). The business had revenue of $680.78 million for the quarter, compared to the consensus estimate of $652.65 million. Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 earnings per share. analysts forecast that Valmont Industries, Inc. will post 6.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, September 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 17.90%.
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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