Valmont Industries, Inc. (VMI) Position Maintained by Tradewinds Capital Management LLC
Tradewinds Capital Management LLC held its stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the second quarter, Holdings Channel reports. The firm owned 4,000 shares of the industrial products company’s stock at the end of the second quarter. Tradewinds Capital Management LLC’s holdings in Valmont Industries were worth $598,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of VMI. Global X Management Co. LLC increased its stake in shares of Valmont Industries by 220.0% in the second quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock valued at $108,000 after buying an additional 495 shares during the last quarter. Pinnacle Bank purchased a new stake in shares of Valmont Industries during the first quarter valued at $117,000. Gofen & Glossberg LLC IL purchased a new stake in shares of Valmont Industries during the first quarter valued at $205,000. Janney Montgomery Scott LLC purchased a new stake in shares of Valmont Industries during the first quarter valued at $207,000. Finally, Timber Hill LLC purchased a new stake in shares of Valmont Industries during the first quarter valued at $209,000. 84.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Valmont Industries, Inc. (NYSE:VMI) opened at 150.45 on Thursday. The company has a 50 day moving average of $151.47 and a 200 day moving average of $150.51. The firm has a market cap of $3.40 billion, a PE ratio of 18.64 and a beta of 0.97. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.96 by $0.05. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The company had revenue of $712.70 million during the quarter, compared to analyst estimates of $668.06 million. During the same quarter last year, the firm posted $1.85 EPS. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Valmont Industries, Inc. will post $7.10 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.50 annualized dividend and a dividend yield of 1.00%. Valmont Industries’s dividend payout ratio (DPR) is 18.59%.
Several brokerages have recently weighed in on VMI. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $171.00 price objective on shares of Valmont Industries in a research note on Friday, July 14th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Valmont Industries in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Valmont Industries presently has an average rating of “Hold” and an average price target 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.
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