QV Investors Inc. lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 163,316 shares of the industrial products company’s stock after selling 1,650 shares during the period. Valmont Industries comprises about 2.0% of QV Investors Inc.’s holdings, making the stock its 17th largest position. QV Investors Inc.’s holdings in Valmont Industries were worth $24,432,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Valmont Industries by 13,061.6% in the first quarter. BlackRock Inc. now owns 1,764,835 shares of the industrial products company’s stock worth $274,432,000 after buying an additional 1,751,426 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Valmont Industries by 1.7% in the first quarter. Neuberger Berman Group LLC now owns 1,377,502 shares of the industrial products company’s stock worth $214,201,000 after buying an additional 23,156 shares during the last quarter. State Street Corp increased its position in shares of Valmont Industries by 1.6% in the first quarter. State Street Corp now owns 592,014 shares of the industrial products company’s stock worth $92,059,000 after buying an additional 9,182 shares during the last quarter. FMR LLC increased its position in shares of Valmont Industries by 0.4% in the first quarter. FMR LLC now owns 503,021 shares of the industrial products company’s stock worth $78,220,000 after buying an additional 2,221 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Valmont Industries by 55.3% in the first quarter. Bank of New York Mellon Corp now owns 413,659 shares of the industrial products company’s stock worth $64,324,000 after buying an additional 147,339 shares during the last quarter. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Valmont Industries, Inc. (NYSE VMI) opened at 148.45 on Friday. Valmont Industries, Inc. has a 1-year low of $120.65 and a 1-year high of $165.20. The firm has a 50-day moving average of $151.49 and a 200-day moving average of $150.53. The firm has a market capitalization of $3.35 billion, a PE ratio of 18.39 and a beta of 0.97.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.05. The company had revenue of $712.70 million during 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 business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. On average, equities research analysts anticipate that Valmont Industries, Inc. will post $7.10 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.375 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.50 annualized dividend and a dividend yield of 1.01%. Valmont Industries’s dividend payout ratio is currently 18.59%.

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A number of analysts have issued reports on the stock. Zacks Investment Research cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. William Blair reiterated a “market perform” rating on shares of Valmont Industries in a research note on Sunday, April 23rd. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Sunday, April 23rd. BidaskClub upgraded shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Valmont Industries in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $168.00.

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

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