Wealthquest Corp acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,627 shares of the industrial products company's stock, valued at approximately $3,603,000. Valmont Industries comprises approximately 0.3% of Wealthquest Corp's investment portfolio, making the stock its 20th biggest holding. Wealthquest Corp owned about 0.06% of Valmont Industries at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in shares of Valmont Industries by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock worth $1,211,000 after purchasing an additional 34 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Valmont Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock valued at $472,000 after buying an additional 35 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after buying an additional 36 shares during the period. Arizona State Retirement System lifted its stake in Valmont Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock worth $1,795,000 after purchasing an additional 38 shares during the last quarter. Finally, Diametric Capital LP lifted its stake in Valmont Industries by 2.2% during the fourth quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock worth $546,000 after purchasing an additional 39 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently weighed in on VMI shares. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Stifel Nicolaus boosted their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.
Get Our Latest Stock Report on Valmont Industries
Valmont Industries Stock Performance
VMI traded up $0.22 during trading on Friday, hitting $333.60. 346,242 shares of the stock were exchanged, compared to its average volume of 138,792. The firm has a market capitalization of $6.70 billion, a P/E ratio of 19.42 and a beta of 1.13. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22. The stock has a fifty day moving average price of $313.84 and a two-hundred day moving average price of $315.27. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45.
Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.24 by $0.08. The company had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.
Valmont Industries Dividend Announcement
The company also recently declared 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 annualized dividend and a yield of 0.82%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.
About Valmont Industries
(
Free Report)
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.
Further Reading
Before you consider Valmont Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valmont Industries wasn't on the list.
While Valmont Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
