Abacus FCF Advisors LLC Buys 2,307 Shares of Valmont Industries, Inc. $VMI

Key Points

• Abacus FCF Advisors increased its stake in Valmont Industries by 15.9%, buying 2,307 shares to hold 16,823 shares worth about $6.77 million (≈0.09% of the company).
• Valmont reported a quarterly earnings beat with EPS of $5.51 versus $4.72 expected and revenue of $1.03 billion, and Wall Street consensus remains a “Moderate Buy” with an average price target of $500.33.
• The company raised its quarterly dividend to $0.77 (from $0.68), implying a $3.08 annualized payout and a yield of about 0.6% with a payout ratio of 17.1%.

Abacus FCF Advisors LLC increased its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,823 shares of the industrial products company's stock after buying an additional 2,307 shares during the quarter. Abacus FCF Advisors LLC owned about 0.09% of Valmont Industries worth $6,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its stake in shares of Valmont Industries by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 2,651 shares of the industrial products company's stock worth $1,066,000 after acquiring an additional 56 shares during the last quarter. Segment Wealth Management LLC bought a new stake in shares of Valmont Industries during the fourth quarter worth $282,000. Chicago Partners Investment Group LLC boosted its stake in shares of Valmont Industries by 6.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,504 shares of the industrial products company's stock valued at $662,000 after purchasing an additional 94 shares during the period. HB Wealth Management LLC grew its stake in Valmont Industries by 18.5% in the 4th quarter. HB Wealth Management LLC now owns 640 shares of the industrial products company's stock worth $257,000 after acquiring an additional 100 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Valmont Industries by 1,220.4% in the 4th quarter. M&T Bank Corp now owns 7,896 shares of the industrial products company's stock worth $3,177,000 after acquiring an additional 7,298 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VMI. Wall Street Zen lowered Valmont Industries from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Stifel Nicolaus raised their target price on shares of Valmont Industries from $497.00 to $541.00 and gave the company a "buy" rating in a research report on Wednesday. Weiss Ratings restated a "hold (c+)" rating on shares of Valmont Industries in a report on Friday, March 27th. JPMorgan Chase & Co. upped their price target on shares of Valmont Industries from $480.00 to $510.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 18th. Finally, DA Davidson increased their price objective on shares of Valmont Industries from $415.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries presently has a consensus rating of "Moderate Buy" and an average price target of $500.33.

Valmont Industries Stock Performance

Shares of VMI stock opened at $498.33 on Friday. The business has a fifty day moving average of $429.37 and a 200 day moving average of $423.62. Valmont Industries, Inc. has a 1 year low of $286.50 and a 1 year high of $499.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.58. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 27.67 and a beta of 1.24.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, beating the consensus estimate of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $994.85 million. During the same quarter in the previous year, the business earned $4.32 EPS. The company's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, research analysts expect that Valmont Industries, Inc. will post 22.93 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, March 27th were issued a $0.77 dividend. This is an increase from Valmont Industries's previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, March 27th. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. Valmont Industries's payout ratio is currently 17.10%.

Valmont Industries Profile

Valmont Industries, Inc NYSE: VMI is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont's solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.

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