Valmont Industries, Inc. (NYSE:VMI) Announces $0.77 Quarterly Dividend

Valmont Industries, Inc. (NYSE:VMI) announced a quarterly dividend on Monday, July 27th. Investors of record on Friday, September 25th will be given a dividend of 0.77 per share by the industrial products company on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 25th.

Valmont Industries has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Valmont Industries has a payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Valmont Industries to earn $25.52 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 12.1%.

Valmont Industries Price Performance

Valmont Industries stock opened at $494.81 on Tuesday. Valmont Industries has a 12-month low of $353.41 and a 12-month high of $585.71. The firm’s 50-day moving average is $538.03 and its two-hundred day moving average is $479.22. The stock has a market capitalization of $9.61 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.11 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, beating the consensus estimate of $5.80 by $0.34. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.Valmont Industries’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 EPS. Equities analysts predict that Valmont Industries will post 22.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its position in Valmont Industries by 8.3% in the third quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock worth $164,009,000 after acquiring an additional 32,382 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Valmont Industries by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock valued at $148,509,000 after acquiring an additional 12,480 shares in the last quarter. Sei Investments Co. boosted its position in Valmont Industries by 3.1% during the third quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock valued at $112,809,000 after purchasing an additional 8,715 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after buying an additional 153,418 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Valmont Industries by 3.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company’s stock valued at $100,933,000 after acquiring an additional 9,130 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.