Valmont Industries, Inc. (VMI) Stake Decreased by Fiduciary Management Inc. WI
Fiduciary Management Inc. WI reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263,400 shares of the industrial products company’s stock after selling 5,217 shares during the period. Fiduciary Management Inc. WI owned 1.17% of Valmont Industries worth $39,405,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in VMI. BlackRock Inc. boosted its holdings in shares of Valmont Industries by 13,061.6% in the 1st quarter. BlackRock Inc. now owns 1,764,835 shares of the industrial products company’s stock valued at $274,432,000 after buying an additional 1,751,426 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Valmont Industries by 90.0% in the 2nd quarter. Pictet Asset Management Ltd. now owns 407,665 shares of the industrial products company’s stock valued at $59,682,000 after buying an additional 193,098 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Valmont Industries by 55.3% in the 1st quarter. Bank of New York Mellon Corp now owns 413,659 shares of the industrial products company’s stock valued at $64,324,000 after buying an additional 147,339 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Valmont Industries by 516.7% in the 2nd quarter. Prudential Financial Inc. now owns 150,833 shares of the industrial products company’s stock valued at $22,565,000 after buying an additional 126,375 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in shares of Valmont Industries in the 1st quarter valued at about $14,376,000. Institutional investors and hedge funds own 83.98% of the company’s stock.
Shares of Valmont Industries, Inc. (NYSE:VMI) traded down 1.05% during trading on Friday, hitting $150.40. 297,225 shares of the company traded hands. The company has a 50-day moving average of $148.02 and a 200-day moving average of $150.56. Valmont Industries, Inc. has a 52-week low of $120.65 and a 52-week high of $165.20. The stock has a market capitalization of $3.40 billion, a PE ratio of 18.63 and a beta of 0.98.
Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.05. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The business had revenue of $712.70 million during the quarter, compared to the consensus estimate of $668.06 million. During the same period in the previous year, the company posted $1.85 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts expect that Valmont Industries, Inc. will post $7.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, September 28th. Valmont Industries’s dividend payout ratio (DPR) is 18.59%.
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A number of research firms have recently weighed in on VMI. Boenning Scattergood upgraded shares of Valmont Industries from a “neutral” rating to an “outperform” rating in a report on Friday, August 11th. BidaskClub cut shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Zacks Investment Research cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Seaport Global Securities began coverage on shares of Valmont Industries in a report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Stifel Nicolaus restated a “buy” rating and issued a $171.00 price target on shares of Valmont Industries in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $165.33.
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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