Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,566 shares of the industrial products company’s stock after acquiring an additional 172 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Valmont Industries worth $13,289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its stake in Valmont Industries by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,162 shares of the industrial products company’s stock valued at $1,188,000 after acquiring an additional 73 shares during the period. Teacher Retirement System of Texas lifted its stake in Valmont Industries by 125.2% during the 1st quarter. Teacher Retirement System of Texas now owns 29,457 shares of the industrial products company’s stock valued at $8,406,000 after acquiring an additional 16,379 shares during the period. First Horizon Advisors Inc. lifted its stake in Valmont Industries by 19.1% during the 1st quarter. First Horizon Advisors Inc. now owns 392 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 63 shares during the period. Vontobel Holding Ltd. lifted its stake in Valmont Industries by 5.3% during the 1st quarter. Vontobel Holding Ltd. now owns 3,820 shares of the industrial products company’s stock valued at $1,090,000 after acquiring an additional 192 shares during the period. Finally, Verity Asset Management Inc. lifted its stake in Valmont Industries by 25.1% during the 1st quarter. Verity Asset Management Inc. now owns 5,574 shares of the industrial products company’s stock valued at $1,591,000 after acquiring an additional 1,118 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

VMI opened at $335.74 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.26 and a quick ratio of 1.50. The firm has a fifty day moving average price of $323.21 and a 200 day moving average price of $316.62. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $379.22. The stock has a market cap of $6.74 billion, a P/E ratio of 19.54 and a beta of 1.12.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.08. The company had revenue of $969.31 million during the quarter, compared to analysts’ expectations of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries’s dividend payout ratio is presently 15.83%.

Analyst Ratings Changes

Several equities analysts recently issued reports on VMI shares. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st.

Valmont Industries Company Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.