Valmont Industries, Inc. (VMI) Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 3.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 531,399 shares of the industrial products company’s stock after purchasing an additional 18,865 shares during the period. Dimensional Fund Advisors LP owned about 2.35% of Valmont Industries worth $79,496,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its position in Valmont Industries by 0.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock worth $200,000 after purchasing an additional 8 shares in the last quarter. Global Endowment Management LP grew its position in Valmont Industries by 0.4% in the 1st quarter. Global Endowment Management LP now owns 2,480 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 10 shares in the last quarter. Citigroup Inc. grew its position in Valmont Industries by 0.7% in the 2nd quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock worth $678,000 after purchasing an additional 31 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Valmont Industries by 0.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,917 shares of the industrial products company’s stock worth $530,000 after purchasing an additional 36 shares in the last quarter. Finally, Blair William & Co. IL grew its position in Valmont Industries by 2.9% in the 2nd quarter. Blair William & Co. IL now owns 1,786 shares of the industrial products company’s stock worth $267,000 after purchasing an additional 50 shares in the last quarter. 83.57% of the stock is owned by institutional investors and hedge funds.

Valmont Industries, Inc. (VMI) opened at 159.60 on Friday. The stock’s 50 day moving average is $150.95 and its 200-day moving average is $150.90. The company has a market capitalization of $3.61 billion, a P/E ratio of 19.77 and a beta of 0.99. Valmont Industries, Inc. has a 52-week low of $120.65 and a 52-week high of $165.20.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.05. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The firm had revenue of $712.70 million during the quarter, compared to analysts’ expectations of $668.06 million. During the same period in the previous year, the company earned $1.85 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts predict that Valmont Industries, Inc. will post $7.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.94%. Valmont Industries’s payout ratio is 18.59%.

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A number of research analysts have recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $171.00 target price on shares of Valmont Industries in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Boenning Scattergood reissued a “hold” rating on shares of Valmont Industries in a research report on Thursday, July 20th. Finally, BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Valmont Industries currently has an average rating of “Hold” and a consensus price target of $165.50.

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

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