Shell Asset Management Co. maintained its position in Valmont Industries, Inc. (NYSE:VMI) during the second quarter, Holdings Channel reports. The firm owned 4,234 shares of the industrial products company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Valmont Industries were worth $633,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. State Treasurer State of Michigan boosted its position in Valmont Industries by 1.1% in the first quarter. State Treasurer State of Michigan now owns 9,200 shares of the industrial products company’s stock valued at $1,431,000 after buying an additional 100 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Valmont Industries by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 13,430 shares of the industrial products company’s stock valued at $2,087,000 after buying an additional 534 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Valmont Industries by 12.3% in the first quarter. Canada Pension Plan Investment Board now owns 68,434 shares of the industrial products company’s stock valued at $10,641,000 after buying an additional 7,500 shares in the last quarter. Wells Fargo & Company MN boosted its position in Valmont Industries by 7.7% in the first quarter. Wells Fargo & Company MN now owns 11,540 shares of the industrial products company’s stock valued at $1,795,000 after buying an additional 826 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in Valmont Industries by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,159 shares of the industrial products company’s stock valued at $1,269,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.

Valmont Industries, Inc. (VMI) opened at 148.45 on Friday. Valmont Industries, Inc. has a 12-month low of $120.65 and a 12-month high of $165.20. The stock has a market capitalization of $3.35 billion, a PE ratio of 18.39 and a beta of 0.97. The stock’s 50 day moving average is $151.49 and its 200 day moving average is $150.53.

Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.05. The business had revenue of $712.70 million during the quarter, compared to the consensus estimate of $668.06 million. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 earnings per share. Analysts forecast that Valmont Industries, Inc. will post $7.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Wednesday, June 28th. Valmont Industries’s dividend payout ratio (DPR) is currently 18.59%.

TRADEMARK VIOLATION WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/shell-asset-management-co-has-633000-stake-in-valmont-industries-inc-vmi/1480375.html.

Several equities analysts have recently commented on the stock. BidaskClub upgraded shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Boenning Scattergood restated a “hold” rating on shares of Valmont Industries in a report on Thursday, July 20th. Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a report on Friday, May 12th. William Blair restated a “market perform” rating on shares of Valmont Industries in a report on Sunday, April 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Valmont Industries from $167.00 to $170.00 and gave the company a “buy” rating in a report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Valmont Industries has an average rating of “Hold” and an average target price of $168.00.

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.

Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI).

Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

Receive News & Ratings for Valmont Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.