Garrison Financial Corp Sells 12 Shares of Valmont Industries, Inc. (NYSE:VMI)

Garrison Financial Corp cut its position in Valmont Industries, Inc. (NYSE:VMI) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,964 shares of the industrial products company’s stock after selling 12 shares during the period. Garrison Financial Corp’s holdings in Valmont Industries were worth $2,239,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VMI. State Treasurer State of Michigan raised its stake in Valmont Industries by 1.1% in the first quarter. State Treasurer State of Michigan now owns 9,200 shares of the industrial products company’s stock valued at $1,431,000 after buying an additional 100 shares during the period. Great West Life Assurance Co. Can raised its stake in Valmont Industries by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 13,430 shares of the industrial products company’s stock valued at $2,087,000 after buying an additional 534 shares during the period. Canada Pension Plan Investment Board raised its stake in Valmont Industries by 12.3% in the first quarter. Canada Pension Plan Investment Board now owns 68,434 shares of the industrial products company’s stock valued at $10,641,000 after buying an additional 7,500 shares during the period. Wells Fargo & Company MN raised its stake in Valmont Industries by 7.7% in the first quarter. Wells Fargo & Company MN now owns 11,540 shares of the industrial products company’s stock valued at $1,795,000 after buying an additional 826 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in Valmont Industries by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,159 shares of the industrial products company’s stock valued at $1,269,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Shares of Valmont Industries, Inc. (NYSE:VMI) opened at 148.45 on Friday. The stock has a 50 day moving average of $151.49 and a 200 day moving average of $150.53. Valmont Industries, Inc. has a 12-month low of $120.65 and a 12-month high of $165.20. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 18.39 and a beta of 0.97.

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, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.05. The company had revenue of $712.70 million during the quarter, compared to analyst estimates of $668.06 million. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. Valmont Industries’s revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 earnings per share. Equities research analysts predict that Valmont Industries, Inc. will post $7.10 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, June 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 18.59%.

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Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Boenning Scattergood restated a “hold” rating on shares of Valmont Industries in a report on Thursday, July 20th. Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a report on Friday, May 12th. William Blair restated a “market perform” rating on shares of Valmont Industries in a report on Sunday, April 23rd. Finally, Stifel Nicolaus raised their target price on shares of Valmont Industries from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Sunday, April 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Valmont Industries has a consensus rating of “Hold” and an average target price of $168.00.

About Valmont Industries

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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