Bayforest Capital Ltd Has $552,000 Holdings in Valmont Industries, Inc. (NYSE:VMI)

Bayforest Capital Ltd raised its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 123.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,936 shares of the industrial products company's stock after acquiring an additional 1,070 shares during the period. Bayforest Capital Ltd's holdings in Valmont Industries were worth $552,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VMI. Aster Capital Management DIFC Ltd boosted its holdings in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after acquiring an additional 123 shares during the period. Quarry LP boosted its stake in shares of Valmont Industries by 395.1% in 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 period. GAMMA Investing LLC boosted its stake in shares of Valmont Industries by 82.3% in 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 period. Signaturefd LLC boosted its stake in shares of Valmont Industries by 23.9% in the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after buying an additional 52 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Valmont Industries in the first quarter valued at approximately $90,000. Institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VMI shares. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus boosted their price target on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, DA Davidson boosted their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd.

Valmont Industries Price Performance

VMI traded down $5.31 during trading on Friday, hitting $358.64. 180,729 shares of the stock traded hands, compared to its average volume of 161,327. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 33.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The business has a 50 day moving average price of $332.66 and a 200 day moving average price of $320.56.

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

Valmont Industries Announces Dividend

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

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.