Dean Capital Management Invests $3.12 Million in Valmont Industries, Inc. (VMI) Stock

Dean Capital Management acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,865 shares of the industrial products company’s stock, valued at approximately $3,121,000. Dean Capital Management owned 0.09% of Valmont Industries as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. increased its holdings in Valmont Industries by 13.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 22,463 shares of the industrial products company’s stock worth $3,493,000 after purchasing an additional 2,611 shares during the period. Legal & General Group Plc increased its holdings in Valmont Industries by 54.6% during the 1st quarter. Legal & General Group Plc now owns 22,867 shares of the industrial products company’s stock worth $3,555,000 after purchasing an additional 8,076 shares during the period. Morgan Stanley increased its holdings in Valmont Industries by 78.1% during the 1st quarter. Morgan Stanley now owns 142,825 shares of the industrial products company’s stock worth $22,209,000 after purchasing an additional 62,613 shares during the period. Prudential Financial Inc. increased its holdings in Valmont Industries by 516.7% during the 2nd quarter. Prudential Financial Inc. now owns 150,833 shares of the industrial products company’s stock worth $22,565,000 after purchasing an additional 126,375 shares during the period. Finally, Comerica Bank increased its holdings in Valmont Industries by 7.8% during the 2nd quarter. Comerica Bank now owns 24,986 shares of the industrial products company’s stock worth $3,860,000 after purchasing an additional 1,802 shares during the period. Institutional investors own 83.57% of the company’s stock.

Several research firms have commented on VMI. Boenning Scattergood upgraded Valmont Industries from a “neutral” rating to an “outperform” rating in a report on Friday, August 11th. BidaskClub downgraded Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Stifel Nicolaus restated a “buy” rating and set a $171.00 price objective on shares of Valmont Industries in a report on Friday, July 14th. Zacks Investment Research downgraded Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Seaport Global Securities began coverage on Valmont Industries in a report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Valmont Industries has an average rating of “Hold” and a consensus target price of $165.50.

Shares of Valmont Industries, Inc. (NYSE:VMI) traded down 0.28% on Thursday, hitting $157.80. The stock had a trading volume of 23,110 shares. The stock has a 50 day moving average of $151.93 and a 200 day moving average of $151.09. Valmont Industries, Inc. has a 12-month low of $120.65 and a 12-month high of $165.20. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 19.55 and a beta of 0.99.

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, topping analysts’ consensus estimates of $1.96 by $0.05. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The business had revenue of $712.70 million for the quarter, compared to analyst estimates of $668.06 million. During the same quarter in the prior year, the company earned $1.85 earnings per share. The company’s revenue was up 11.3% on a year-over-year basis. Equities analysts predict that Valmont Industries, Inc. will post $7.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, September 28th. Valmont Industries’s dividend payout ratio is currently 18.59%.

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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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