12,627 Shares in Valmont Industries, Inc. (NYSE:VMI) Purchased by Wealthquest Corp

Wealthquest Corp purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,627 shares of the industrial products company's stock, valued at approximately $3,603,000. Valmont Industries makes up 0.3% of Wealthquest Corp's portfolio, making the stock its 20th biggest position. Wealthquest Corp owned 0.06% of Valmont Industries at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. LaFleur & Godfrey LLC raised its position in shares of Valmont Industries by 2.3% in the fourth quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock worth $4,254,000 after acquiring an additional 308 shares during the period. Ieq Capital LLC acquired a new stake in Valmont Industries in the fourth quarter valued at approximately $228,000. Handelsbanken Fonder AB increased its position in shares of Valmont Industries by 12.9% in the fourth quarter. Handelsbanken Fonder AB now owns 4,365 shares of the industrial products company's stock valued at $1,339,000 after buying an additional 500 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Valmont Industries by 17.9% during the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock worth $101,000 after buying an additional 50 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Valmont Industries during the 4th quarter valued at approximately $2,032,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VMI has been the topic of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st.

Valmont Industries Price Performance

VMI traded down $0.46 on Wednesday, hitting $324.64. 228,189 shares of the company's stock were exchanged, compared to its average volume of 138,236. The firm has a 50-day moving average price of $310.72 and a 200-day moving average price of $315.21. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 18.90 and a beta of 1.13. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. The company had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. As a group, equities 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 paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is currently 15.83%.

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.