Stevens Capital Management LP Has $1.66 Million Position in Valmont Industries, Inc. (VMI)
Stevens Capital Management LP boosted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 63.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,107 shares of the industrial products company’s stock after acquiring an additional 4,297 shares during the period. Stevens Capital Management LP’s holdings in Valmont Industries were worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Amalgamated Bank lifted its position in Valmont Industries by 22.9% during the second quarter. Amalgamated Bank now owns 4,377 shares of the industrial products company’s stock valued at $655,000 after acquiring an additional 815 shares during the last quarter. Nationwide Fund Advisors lifted its position in Valmont Industries by 2.2% during the second quarter. Nationwide Fund Advisors now owns 38,419 shares of the industrial products company’s stock valued at $5,747,000 after acquiring an additional 818 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Valmont Industries by 6.3% during the second quarter. Ameriprise Financial Inc. now owns 84,708 shares of the industrial products company’s stock valued at $12,674,000 after acquiring an additional 5,027 shares during the last quarter. WBI Investments Inc. purchased a new stake in Valmont Industries during the second quarter valued at approximately $4,496,000. Finally, Riverhead Capital Management LLC lifted its position in Valmont Industries by 85.6% during the second quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 599 shares during the last quarter. 83.57% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the stock. Boenning Scattergood reissued a “hold” rating on shares of Valmont Industries in a research report on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and set a $171.00 target price on shares of Valmont Industries in a research report on Friday, July 14th. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research report on Monday, May 29th. BidaskClub cut shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Finally, Seaport Global Securities assumed coverage on shares of Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $165.33.
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Shares of Valmont Industries, Inc. (NYSE VMI) opened at 155.25 on Friday. The stock has a market cap of $3.51 billion, a PE ratio of 19.23 and a beta of 0.98. The company’s 50-day moving average is $148.00 and its 200-day moving average is $150.42. 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 results on Wednesday, July 19th. The industrial products company reported $2.01 EPS for the quarter, topping the 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 analysts’ expectations of $668.06 million. During the same quarter in the previous year, the business posted $1.85 EPS. The firm’s revenue was up 11.3% on a year-over-year basis. Equities analysts anticipate that Valmont Industries, Inc. will post $7.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, September 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 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.
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