Crossmark Global Holdings Inc. Buys New Position in Valmont Industries, Inc. (NYSE:VMI)

Crossmark Global Holdings Inc. bought a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,110 shares of the industrial products company's stock, valued at approximately $317,000.

Several other hedge funds have also added to or reduced their stakes in VMI. Aster Capital Management DIFC Ltd raised its holdings 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 worth $59,000 after purchasing an additional 123 shares during the last quarter. Quarry LP grew its position in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after buying an additional 162 shares during the period. GAMMA Investing LLC grew its position in shares of Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares during the period. First Horizon Advisors Inc. grew its position in shares of Valmont Industries by 19.1% during the 1st quarter. First Horizon Advisors Inc. now owns 392 shares of the industrial products company's stock worth $112,000 after buying an additional 63 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Valmont Industries during the 4th quarter worth approximately $161,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VMI shares. Stifel Nicolaus raised their price objective 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. Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. 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 Stock Performance

Valmont Industries stock traded up $2.04 during midday trading on Wednesday, reaching $330.62. The stock had a trading volume of 96,652 shares, compared to its average volume of 141,002. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $379.22. The firm's 50-day moving average price is $324.25 and its 200 day moving average price is $316.93. The firm has a market capitalization of $6.64 billion, a PE ratio of 19.24 and a beta of 1.12. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.08. The company had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. As a group, research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, June 27th. 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.