Diversify Wealth Management LLC Purchases 902 Shares of Valmont Industries, Inc. (NYSE:VMI)

Diversify Wealth Management LLC lifted its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 47.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,814 shares of the industrial products company's stock after buying an additional 902 shares during the period. Diversify Wealth Management LLC's holdings in Valmont Industries were worth $832,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of VMI. Aster Capital Management DIFC Ltd increased its holdings in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after buying an additional 123 shares during the period. Quarry LP increased its holdings 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 worth $62,000 after buying an additional 162 shares during the period. GAMMA Investing LLC increased its holdings 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 worth $64,000 after buying an additional 102 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Valmont Industries by 19.1% in the first 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 purchased a new position in shares of Valmont Industries in the fourth quarter worth about $161,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Down 1.3%

Shares of NYSE:VMI opened at $335.74 on Friday. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $379.22. The company has a market cap of $6.74 billion, a PE ratio of 19.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.26 and a quick ratio of 1.50. The stock's 50-day moving average is $323.21 and its 200 day moving average is $316.62.

Valmont Industries (NYSE:VMI - Get Free Report) last announced 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. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The company had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.81%. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Stifel Nicolaus boosted their price target on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

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.

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