Swiss National Bank Boosts Holdings in Valmont Industries, Inc. (NYSE:VMI)

Swiss National Bank raised its holdings in Valmont Industries, Inc. (NYSE:VMI) by 0.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 46,500 shares of the industrial products company’s stock after acquiring an additional 400 shares during the period. Swiss National Bank’s holdings in Valmont Industries were worth $13,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versor Investments LP acquired a new position in shares of Valmont Industries in the 1st quarter valued at about $543,000. Barclays PLC lifted its stake in shares of Valmont Industries by 33.4% in the 1st quarter. Barclays PLC now owns 8,564 shares of the industrial products company’s stock valued at $2,734,000 after purchasing an additional 2,144 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Valmont Industries by 33.3% in the 1st quarter. Van ECK Associates Corp now owns 408 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 102 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Valmont Industries by 10.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 95,990 shares of the industrial products company’s stock valued at $30,648,000 after purchasing an additional 9,194 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Valmont Industries by 0.7% in the 1st quarter. Treasurer of the State of North Carolina now owns 9,180 shares of the industrial products company’s stock valued at $2,931,000 after purchasing an additional 60 shares in the last quarter. 84.15% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

Valmont Industries stock opened at $213.73 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.54 and a current ratio of 2.49. Valmont Industries, Inc. has a one year low of $188.63 and a one year high of $353.36. The stock’s 50 day moving average price is $224.63 and its 200 day moving average price is $255.25. The firm has a market capitalization of $4.47 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.42. Valmont Industries had a return on equity of 20.32% and a net margin of 3.62%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business earned $3.49 EPS. Valmont Industries’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 14.83 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.12%. Valmont Industries’s dividend payout ratio is presently 33.24%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com lowered Valmont Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. TheStreet lowered Valmont Industries from a “b” rating to a “c” rating in a research report on Wednesday, October 25th. DA Davidson reduced their price target on Valmont Industries from $310.00 to $290.00 and set a “neutral” rating on the stock in a research report on Monday, July 31st. Northcoast Research lowered Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus reduced their price target on Valmont Industries from $334.00 to $298.00 and set a “buy” rating on the stock in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Valmont Industries presently has an average rating of “Hold” and an average price target of $294.00.

Valmont Industries Profile

Valmont Industries, Inc produces and sells metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through two segments: Infrastructure and Agriculture. It manufactures and distributes steel, pre-stressed concrete, composite, and hybrid structures for lighting, transportation, and telecommunications equipment, as well as electrical transmission, distribution, substations, and renewable energy generation equipment; and provides coatings services to preserve metal products.