WINTON GROUP Ltd Has $5.29 Million Position in Valmont Industries, Inc. (VMI)

WINTON GROUP Ltd increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 127.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,378 shares of the industrial products company’s stock after purchasing an additional 19,856 shares during the quarter. WINTON GROUP Ltd owned 0.16% of Valmont Industries worth $5,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its stake 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 in the last quarter. Legal & General Group Plc grew its stake 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 in the last quarter. Morgan Stanley grew its stake 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 in the last quarter. Prudential Financial Inc. grew its stake 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 in the last quarter. Finally, Comerica Bank grew its stake 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 in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Valmont Industries, Inc. (NYSE VMI) traded up 0.22% during mid-day trading on Tuesday, reaching $159.50. The company’s stock had a trading volume of 22,065 shares. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20. The firm has a 50-day moving average of $152.94 and a 200-day moving average of $151.18. The firm has a market capitalization of $3.60 billion, a PE ratio of 19.76 and a beta of 0.99.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.05. The company had revenue of $712.70 million during the quarter, compared to the consensus estimate of $668.06 million. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.85 earnings per share. Equities research analysts forecast that Valmont Industries, Inc. will post $7.09 earnings per share for the current fiscal 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 was Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.94%. Valmont Industries’s dividend payout ratio is presently 18.59%.

WARNING: “WINTON GROUP Ltd Has $5.29 Million Position in Valmont Industries, Inc. (VMI)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/17/winton-group-ltd-has-5-29-million-position-in-valmont-industries-inc-vmi.html.

VMI has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $183.00 target price on shares of Valmont Industries in a research note on Tuesday. Seaport Global Securities initiated coverage on Valmont Industries in a report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price target for the company. Zacks Investment Research downgraded Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Boenning Scattergood reaffirmed a “hold” rating on shares of Valmont Industries in a report on Thursday, July 20th. Finally, BidaskClub raised Valmon

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its stake 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 in the last quarter. Legal & General Group Plc grew its stake 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 in the last quarter. Morgan Stanley grew its stake 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 in the last quarter. Prudential Financial Inc. grew its stake 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 in the last quarter. Finally, Comerica Bank grew its stake 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 in the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Valmont Industries, Inc. (NYSE VMI) traded up 0.22% during mid-day trading on Tuesday, reaching $159.50. The company’s stock had a trading volume of 22,065 shares. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20. The firm has a 50-day moving average of $152.94 and a 200-day moving average of $151.18. The firm has a market capitalization of $3.60 billion, a PE ratio of 19.76 and a beta of 0.99.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.05. The company had revenue of $712.70 million during the quarter, compared to the consensus estimate of $668.06 million. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.85 earnings per share. Equities research analysts forecast that Valmont Industries, Inc. will post $7.09 earnings per share for the current fiscal 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 was Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.94%. Valmont Industries’s dividend payout ratio is presently 18.59%.

WARNING: “WINTON GROUP Ltd Has $5.29 Million Position in Valmont Industries, Inc. (VMI)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/17/winton-group-ltd-has-5-29-million-position-in-valmont-industries-inc-vmi.html.

VMI has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $183.00 target price on shares of Valmont Industries in a research note on Tuesday. Seaport Global Securities initiated coverage on Valmont Industries in a report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price target for the company. Zacks Investment Research downgraded Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Boenning Scattergood reaffirmed a “hold” rating on shares of Valmont Industries in a report on Thursday, July 20th. Finally, BidaskClub raised Valmont Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. One equities 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’s stock. Valmont Industries has a consensus rating of “Hold” and a consensus target price of $171.50.

Valmont Industries 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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