Northwestern Mutual Investment Management Company LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,917 shares of the industrial products company’s stock after acquiring an additional 36 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Valmont Industries were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Global X Management Co. LLC boosted its holdings in Valmont Industries by 220.0% in the second quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock valued at $108,000 after acquiring an additional 495 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Valmont Industries by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 8 shares during the last quarter. Gofen & Glossberg LLC IL acquired a new position in Valmont Industries in the first quarter valued at $205,000. Timber Hill LLC acquired a new position in Valmont Industries in the first quarter valued at $209,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Valmont Industries in the second quarter valued at $212,000. Hedge funds and other institutional investors own 83.98% of the company’s stock.
A number of research analysts recently weighed in on the company. Boenning Scattergood reiterated a “hold” rating on shares of Valmont Industries in a report on Thursday, July 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $171.00 target price on shares of Valmont Industries in a report on Friday, July 14th. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Monday, May 29th. BidaskClub cut Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Seaport Global Securities assumed coverage on Valmont Industries in a report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $165.33.
Valmont Industries, Inc. (NYSE:VMI) opened at 149.05 on Wednesday. The firm has a market cap of $3.37 billion, a PE ratio of 18.46 and a beta of 0.98. The firm’s 50 day moving average price is $148.56 and its 200-day moving average price is $150.68. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20.
Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The firm had revenue of $712.70 million for the quarter, compared to the consensus estimate of $668.06 million. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 earnings per share. On average, analysts forecast that Valmont Industries, Inc. will post $7.09 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 28th. Valmont Industries’s payout ratio is 18.59%.
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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