Private Client Services LLC Buys Shares of 2,892 Valmont Industries, Inc. (NYSE:VMI)

Private Client Services LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,892 shares of the industrial products company's stock, valued at approximately $825,000.

Other large investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC grew its stake in Valmont Industries by 16.2% during the 4th quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock valued at $2,025,000 after purchasing an additional 922 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Valmont Industries by 70.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after buying an additional 19,096 shares during the period. Trexquant Investment LP lifted its holdings in shares of Valmont Industries by 73.6% in the 4th quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock valued at $9,300,000 after buying an additional 12,854 shares during the period. US Bancorp DE lifted its holdings in shares of Valmont Industries by 2,077.0% in the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after buying an additional 56,079 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Valmont Industries by 8.2% in the 4th quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company's stock valued at $83,814,000 after buying an additional 20,744 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Wall Street Analyst Weigh In

VMI has been the subject of several analyst reports. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus boosted their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday. Finally, DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th.

Valmont Industries Price Performance

VMI stock traded up $0.88 during mid-day trading on Friday, reaching $318.21. 136,148 shares of the company's stock were exchanged, compared to its average volume of 140,852. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 18.52 and a beta of 1.10. The stock's 50 day moving average is $296.92 and its 200 day moving average is $317.84. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. The company had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. On average, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. Valmont Industries's dividend payout ratio 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.