(NYSE:VMI) for 8,135 shares. WI increased its position in shares of Valmont Industries by 2.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 433,592 shares of the industrial products company's stock worth $61,093,000 after buying an additional 10,261 shares during the last quarter. Pinnacle Bank bought a new position in shares of Valmont Industries during the first quarter valued at about $117,000. The fund owned 656 shares of the industrial products company's stock at the end of the first quarter. Panagora Asset Management Inc. now owns 143,237 shares of the industrial products company's stock valued at $19,275,000 after buying an additional 17,563 shares during the period. Texas-based Cypress Asset Tx has invested 0.04% in Valmont Industries, Inc. Louisiana State Employees Retirement System now owns 5,700 shares of the industrial products company's stock worth $886,000 after buying an additional 100 shares during the period. Finally, First Quadrant L P CA increased its position in shares of Valmont Industries by 17.5% in the first quarter.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Valmont Industries has a 12 month low of $120.65 and a 12 month high of $165.20. (NYSE VMI) traded down 0.69% during trading on Friday, reaching $150.70. The stock had a trading volume of 272,978 shares. If the Golden Cross is greater than 1, then the 50 day moving average is above the 200 day moving average - indicating a positive share price momentum. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 19.626254, and a current Price to Earnings ratio of 19.120602. (NYSE:VMI) news were published by: Seekingalpha.com which released: "Valmont Industries' (VMI) CEO Mogens Bay on Q1 2017 Results - Earnings Call ..." on April 20, 2017, also Prnewswire.com published article titled: "Valmont Industries, Inc". The industrial products company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.08. Valmont Industries had a return on equity of 16.07% and a net margin of 6.27%. The firm had revenue of $637.47 million during the quarter, compared to the consensus estimate of $626.02 million. During the same period in the previous year, the company earned $1.45 earnings per share. The business's revenue was up 6.9% compared to the same quarter a year ago.
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The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, June 28th. Valmont Industries's dividend payout ratio is now 18.96%. "(VMI)" was originally posted by Stock Observer and is the property of of Stock Observer. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark law. The original version of this piece of content can be viewed at https://www.thestockobserver.com/2017/06/18/janney-montgomery-scott-llc-acquires-shares-of-1331-valmont-industries-inc-vmi-updated-updated.html. (NYSE:VMI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. William Blair reaffirmed a "market perform" rating on shares of Valmont Industries in a research report on Sunday, April 23rd. Zacks Investment Research lowered Valmont Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 26th. Zacks Investment Research upgraded Valmont Industries from a hold rating to a buy rating and set a $179.00 target price for the company in a research note on Thursday, March 2nd. Finally, BidaskClub upgraded Valmont Industries from a "strong sell" rating to a "sell" rating in a research note on Tuesday, June 13th. TheStreet upgraded shares of Valmont Industries from a "c" rating to a "b-" rating in a research note on Tuesday, February 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company.
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