Valmont Industries, Inc. (VMI) Holdings Increased by Citigroup Inc.

Citigroup Inc. raised its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,530 shares of the industrial products company’s stock after purchasing an additional 31 shares during the quarter. Citigroup Inc.’s holdings in Valmont Industries were worth $678,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. GSA Capital Partners LLP raised its stake in Valmont Industries by 51.7% during the 2nd quarter. GSA Capital Partners LLP now owns 6,334 shares of the industrial products company’s stock valued at $948,000 after purchasing an additional 2,159 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Valmont Industries by 9.1% in the second quarter. UBS Asset Management Americas Inc. now owns 24,496 shares of the industrial products company’s stock worth $3,665,000 after acquiring an additional 2,033 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Valmont Industries by 2.7% in the second quarter. Mutual of America Capital Management LLC now owns 18,732 shares of the industrial products company’s stock worth $2,802,000 after acquiring an additional 489 shares during the last quarter. Verity Asset Management Inc. increased its stake in shares of Valmont Industries by 8.1% in the second quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock worth $238,000 after acquiring an additional 119 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of Valmont Industries by 537.8% in the second quarter. Thrivent Financial For Lutherans now owns 27,041 shares of the industrial products company’s stock worth $4,045,000 after acquiring an additional 22,801 shares during the last quarter. 83.57% of the stock is currently owned by institutional investors.

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VMI has been the topic of a number of research reports. BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $171.00 price target on shares of Valmont Industries in a research note on Friday, July 14th. Boenning Scattergood reaffirmed a “hold” rating on shares of Valmont Industries in a research note on Thursday, July 20th. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Seaport Global Securities initiated coverage on shares of Valmont Industries in a research note on Wednesday, September 6th. They issued a “buy” rating and a $160.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $165.50.

Valmont Industries, Inc. (NYSE:VMI) opened at 159.85 on Wednesday. The firm has a market capitalization of $3.61 billion, a P/E ratio of 19.80 and a beta of 0.99. The stock has a 50 day moving average of $151.64 and a 200-day moving average of $151.04. Valmont Industries, Inc. has a 1-year low of $120.65 and a 1-year 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 EPS for the quarter, beating the consensus estimate of $1.96 by $0.05. The business had revenue of $712.70 million for the quarter, compared to analysts’ expectations 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 was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 EPS. On average, equities research analysts anticipate that Valmont Industries, Inc. will post $7.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.50 annualized dividend and a yield of 0.94%. Valmont Industries’s dividend payout ratio is currently 18.59%.

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.

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

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