Ameriprise Financial Inc. boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,708 shares of the industrial products company’s stock after acquiring an additional 5,027 shares during the quarter. Ameriprise Financial Inc. owned 0.37% of Valmont Industries worth $12,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VMI. Wells Fargo & Company MN boosted its holdings in Valmont Industries by 7.7% during the 1st quarter. Wells Fargo & Company MN now owns 11,540 shares of the industrial products company’s stock valued at $1,795,000 after acquiring an additional 826 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Valmont Industries by 13.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 22,463 shares of the industrial products company’s stock valued at $3,493,000 after acquiring an additional 2,611 shares during the period. Sei Investments Co. boosted its holdings in Valmont Industries by 2.4% during the 1st quarter. Sei Investments Co. now owns 7,309 shares of the industrial products company’s stock valued at $1,137,000 after acquiring an additional 174 shares during the period. Prudential Financial Inc. boosted its holdings in Valmont Industries by 84.3% during the 1st quarter. Prudential Financial Inc. now owns 24,458 shares of the industrial products company’s stock valued at $3,803,000 after acquiring an additional 11,188 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Valmont Industries by 325.5% during the 1st quarter. SG Americas Securities LLC now owns 4,740 shares of the industrial products company’s stock valued at $737,000 after acquiring an additional 3,626 shares during the period. Institutional investors own 83.57% of the company’s stock.

A number of research firms recently issued reports on VMI. Zacks Investment Research cut Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Boenning Scattergood raised Valmont Industries from a “neutral” rating to an “outperform” rating in a research report on Friday, August 11th. BidaskClub raised Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Seaport Global Securities began coverage on Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $171.00 target price on shares of Valmont Industries in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $165.50.

Shares of Valmont Industries, Inc. (NYSE:VMI) opened at 159.60 on Monday. Valmont Industries, Inc. has a 12 month low of $120.65 and a 12 month high of $165.20. The firm’s 50-day moving average price is $150.95 and its 200-day moving average price is $150.90. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.77 and a beta of 0.99.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.01 EPS for the quarter, topping the 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 analyst estimates of $668.06 million. During the same period last year, the business posted $1.85 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Valmont Industries, Inc. will post $7.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given 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 dividend payout ratio is currently 18.59%.

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Valmont Industries 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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