Diversify Advisory Services LLC Takes $285,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Diversify Advisory Services LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 965 shares of the industrial products company's stock, valued at approximately $285,000.

A number of other large investors have also added to or reduced their stakes in VMI. Aster Capital Management DIFC Ltd boosted its holdings in shares of Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares in the last quarter. Quarry LP grew its stake 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 acquiring an additional 162 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 purchasing an additional 102 shares during the last quarter. Signaturefd LLC boosted its position in Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after acquiring an additional 52 shares during the period. Finally, First Horizon Advisors Inc. lifted 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 valued at $112,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Wall Street Analyst Weigh In

VMI has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Friday.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $332.54 on Tuesday. The stock has a market cap of $6.67 billion, a P/E ratio of 19.36 and a beta of 1.12. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The stock has a 50 day moving average of $325.94 and a two-hundred day moving average of $317.60. 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 (EPS) for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a $0.68 dividend. The ex-dividend date was Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.82%. Valmont Industries's dividend payout ratio is presently 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.

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