Pictet Asset Management Ltd. increased its position in Valmont Industries, Inc. (NYSE:VMI) by 53.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 623,558 shares of the industrial products company’s stock after buying an additional 215,893 shares during the quarter. Pictet Asset Management Ltd. owned 2.76% of Valmont Industries worth $98,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Valmont Industries by 5.1% in the second quarter. Vanguard Group Inc. now owns 1,869,447 shares of the industrial products company’s stock valued at $279,669,000 after buying an additional 90,745 shares during the period. BlackRock Inc. increased its stake 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 valued at $274,432,000 after buying an additional 1,751,426 shares during the period. State Street Corp increased its stake 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 valued at $92,059,000 after buying an additional 9,182 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Valmont Industries by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 531,399 shares of the industrial products company’s stock valued at $79,496,000 after buying an additional 18,865 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Valmont Industries by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 432,874 shares of the industrial products company’s stock valued at $64,758,000 after buying an additional 19,215 shares during the period. 83.70% of the stock is owned by institutional investors.

A number of research firms have weighed in on VMI. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Boenning Scattergood raised shares of Valmont Industries from a “neutral” rating to an “outperform” rating in a research report on Friday, August 11th. Stifel Nicolaus reissued a “buy” rating and set a $183.00 target price on shares of Valmont Industries in a research report on Tuesday, October 17th. Seaport Global Securities began 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. Finally, BidaskClub downgraded shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $176.50.

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Valmont Industries, Inc. (NYSE VMI) traded up 0.44% during mid-day trading on Tuesday, reaching $159.25. 3,792 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $157.16 and a 200-day moving average of $151.75. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 19.73 and a beta of 0.99. Valmont Industries, Inc. has a one year low of $121.05 and a one year high of $165.20.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). The company had revenue of $680.78 million during the quarter, compared to analysts’ expectations of $652.65 million. Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. Valmont Industries’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $1.48 earnings per share. On average, equities research analysts anticipate that Valmont Industries, Inc. will post $6.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.95%. Valmont Industries’s dividend payout ratio (DPR) is presently 17.90%.

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

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