1,350 Shares in Valmont Industries, Inc. (NYSE:VMI) Acquired by Canton Hathaway LLC

Canton Hathaway LLC purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,350 shares of the industrial products company's stock, valued at approximately $385,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aquatic Capital Management LLC boosted its stake in shares of Valmont Industries by 16.2% in the fourth 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 last quarter. Trexquant Investment LP grew its stake in shares of Valmont Industries by 73.6% during the fourth quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock valued at $9,300,000 after acquiring an additional 12,854 shares in the last quarter. US Bancorp DE increased its position in shares of Valmont Industries by 2,077.0% during the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock worth $18,026,000 after acquiring an additional 56,079 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Valmont Industries by 8.2% in the fourth quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company's stock worth $83,814,000 after acquiring an additional 20,744 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VMI shares. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Stifel Nicolaus raised their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

Valmont Industries Stock Up 0.6%

Valmont Industries stock traded up $2.09 during midday trading on Tuesday, hitting $325.36. The stock had a trading volume of 176,996 shares, compared to its average volume of 138,126. The business has a fifty day moving average price of $309.86 and a 200 day moving average price of $315.14. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $379.22. The stock has a market cap of $6.53 billion, a P/E ratio of 18.94 and a beta of 1.13. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

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 for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The business had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Research analysts predict 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. Stockholders of record on Friday, June 27th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

About Valmont Industries

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.