Dean Investment Associates LLC boosted its stake in Valmont Industries (NYSE:VMI) by 61.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,145 shares of the industrial products company’s stock after buying an additional 11,435 shares during the period. Dean Investment Associates LLC owned 0.13% of Valmont Industries worth $4,410,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of VMI. Impax Asset Management LTD lifted its holdings in Valmont Industries by 163.9% in the fourth quarter. Impax Asset Management LTD now owns 299,742 shares of the industrial products company’s stock worth $49,712,000 after buying an additional 186,142 shares during the period. Neuberger Berman Group LLC lifted its holdings in Valmont Industries by 9.7% in the first quarter. Neuberger Berman Group LLC now owns 1,444,311 shares of the industrial products company’s stock worth $211,299,000 after buying an additional 127,234 shares during the period. Schroder Investment Management Group lifted its holdings in Valmont Industries by 16.5% in the fourth quarter. Schroder Investment Management Group now owns 698,881 shares of the industrial products company’s stock worth $115,909,000 after buying an additional 98,823 shares during the period. Alliancebernstein L.P. lifted its holdings in Valmont Industries by 541.0% in the fourth quarter. Alliancebernstein L.P. now owns 102,706 shares of the industrial products company’s stock worth $17,034,000 after buying an additional 86,682 shares during the period. Finally, Resources Investment Advisors Inc. purchased a new stake in Valmont Industries in the fourth quarter worth about $9,112,000. Institutional investors and hedge funds own 86.52% of the company’s stock.
Several brokerages have commented on VMI. Stifel Nicolaus lowered their price objective on shares of Valmont Industries from $160.00 to $141.00 and set a “hold” rating for the company in a report on Monday, April 16th. Zacks Investment Research lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Boenning Scattergood restated a “buy” rating and issued a $185.00 price objective on shares of Valmont Industries in a report on Thursday, April 19th. Finally, Seaport Global Securities lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Valmont Industries presently has an average rating of “Hold” and a consensus target price of $169.00.
Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, April 18th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.07. Valmont Industries had a net margin of 4.15% and a return on equity of 14.11%. The firm had revenue of $698.68 million during the quarter, compared to analyst estimates of $682.96 million. During the same period last year, the business earned $1.72 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. sell-side analysts predict that Valmont Industries will post 8.04 EPS for the current year.
About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.
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