Valmont Industries (NYSE:VMI) had declared a cash dividend of $0.3750 on Sep 16, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 16, 2016 share price, the yield comes out to be 1.1841%. The dividend payable date has been fixed on Oct 14, 2016.
Valmont Industries (VMI) made into the market gainers list on Thursdays trading session with the shares advancing 2.83% or 3.69 points. Due to strong positive momentum, the stock ended at $134, which is also near the day’s high of $134.62. The stock began the session at $131.86 and the volume stood at 1,63,076 shares. The 52-week high of the shares is $145.94 and the 52 week low is $92.33. The company has a current market capitalization of $3,033 M and it has 2,26,37,254 shares in outstanding.
Valmont Industries(VMI) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $640.25M. Analysts had an estimated revenue of $648.54M. Earnings per share were $1.85. Analysts had estimated an EPS of $1.73.
Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Clark T. Jr. Randt (director) sold 381 shares at $130.10 per share price.Also, On Aug 3, 2015, Theodor Werner Freye (director) purchased 896 shares at $111.42 per share price.
Valmont Industries Inc. is a diversified producer of fabricated metal products. The Company is also a producer of steel aluminum and composite pole tower and other structures. It operates in four segments: Engineered Infrastructure Products which consists of the manufacture and distribution of engineered metal and composite structures and components for lighting and traffic Wireless communication offshore structures roadway and access systems applications; Utility Support Structures which consists of the manufacture of steel and concrete structures for the utility industry; Coatings which consists of galvanizing anodizing and coating services and Irrigation which consists of the manufacture of agricultural irrigation equipment and related parts and services for the agricultural industry. Its other activities include the manufacture of steel grinding media for the mining industry tubular products for industrial customers and the distribution of industrial fasteners.