Avalon Trust Co Has $11.84 Million Holdings in Valmont Industries, Inc. (NYSE:VMI)

Avalon Trust Co lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,475 shares of the industrial products company's stock after purchasing an additional 720 shares during the quarter. Avalon Trust Co owned 0.21% of Valmont Industries worth $11,836,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd boosted its stake in Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 123 shares during the last quarter. Quarry LP boosted its position in shares of Valmont Industries by 395.1% during the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after buying an additional 102 shares during the last quarter. Signaturefd LLC grew its holdings in Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after buying an additional 52 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Valmont Industries in the 1st quarter valued at $90,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Down 1.5%

VMI stock opened at $358.64 on Friday. The stock has a market cap of $7.20 billion, a P/E ratio of 33.39 and a beta of 1.12. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $333.59 and its two-hundred day simple moving average is $320.84. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.91 EPS. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's dividend payout ratio is currently 25.33%.

Analysts Set New Price Targets

A number of research firms have issued reports on VMI. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday. DA Davidson upped their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.

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.

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