Speece Thorson Capital Group Inc. increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,628 shares of the industrial products company’s stock after purchasing an additional 10,414 shares during the period. Valmont Industries accounts for about 2.4% of Speece Thorson Capital Group Inc.’s holdings, making the stock its 21st biggest holding. Speece Thorson Capital Group Inc. owned approximately 0.32% of Valmont Industries worth $11,482,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. boosted its stake in shares of Valmont Industries by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 22,463 shares of the industrial products company’s stock valued at $3,493,000 after purchasing an additional 2,611 shares during the period. Credit Agricole S A acquired a new stake in Valmont Industries during the first quarter worth approximately $516,000. OppenheimerFunds Inc. raised its holdings in Valmont Industries by 20.5% during the first quarter. OppenheimerFunds Inc. now owns 4,133 shares of the industrial products company’s stock worth $643,000 after purchasing an additional 703 shares in the last quarter. Legal & General Group Plc raised its holdings in Valmont Industries by 54.6% during the first quarter. Legal & General Group Plc now owns 22,867 shares of the industrial products company’s stock worth $3,555,000 after purchasing an additional 8,076 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in Valmont Industries by 9.8% during the first quarter. Thrivent Financial For Lutherans now owns 4,240 shares of the industrial products company’s stock worth $659,000 after purchasing an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 84.80% of the company’s stock.
Valmont Industries, Inc. (NYSE VMI) opened at $160.90 on Wednesday. The firm has a market capitalization of $3,582.19, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 2.27 and a beta of 1.03. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53. Valmont Industries, Inc. has a fifty-two week low of $135.95 and a fifty-two week high of $165.20.
Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.04). Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The business had revenue of $680.78 million for the quarter, compared to analysts’ expectations of $652.65 million. During the same quarter last year, the company posted $1.48 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. equities analysts forecast that Valmont Industries, Inc. will post 6.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, September 28th. Valmont Industries’s dividend payout ratio (DPR) is 17.90%.
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A number of equities analysts have recently commented on VMI shares. Boenning Scattergood reaffirmed a “buy” rating and issued a $185.00 target price on shares of Valmont Industries in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $183.00 price objective on shares of Valmont Industries in a research report on Tuesday, October 17th. Seaport Global Securities started coverage on shares of Valmont Industries in a report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 target price on the stock. Finally, BidaskClub lowered shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. One research 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 has an average rating of “Hold” and an average target price of $176.50.
About Valmont Industries
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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