GAMMA Investing LLC Increases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

GAMMA Investing LLC grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 51,911.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,494 shares of the industrial products company's stock after buying an additional 64,370 shares during the period. GAMMA Investing LLC owned 0.32% of Valmont Industries worth $18,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd boosted its holdings in 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 valued at $59,000 after acquiring an additional 123 shares in the last quarter. Quarry LP lifted its position in shares of Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after purchasing an additional 162 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after buying an additional 141 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock valued at $101,000 after buying an additional 50 shares during the period. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Up 1.0%

NYSE VMI traded up $3.33 during trading hours on Friday, reaching $325.53. 100,113 shares of the company's stock traded hands, compared to its average volume of 140,627. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a 50-day simple moving average of $299.84 and a 200 day simple moving average of $317.39. The firm has a market cap of $6.53 billion, a PE ratio of 18.95 and a beta of 1.13.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.84%. Valmont Industries's dividend payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

Several brokerages have commented on VMI. 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 report on Wednesday, April 23rd. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st.

Valmont Industries 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.