Redwood Wealth Management Group LLC Invests $335,000 in Valmont Industries, Inc. (NYSE:VMI)

Redwood Wealth Management Group LLC bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,803 shares of the industrial products company's stock, valued at approximately $335,000. Redwood Wealth Management Group LLC owned approximately 0.07% of Valmont Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of VMI. Aquatic Capital Management LLC grew its position 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Valmont Industries by 70.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after purchasing an additional 19,096 shares during the last quarter. Trexquant Investment LP grew its position in shares of Valmont Industries by 73.6% in the fourth quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock valued at $9,300,000 after purchasing an additional 12,854 shares during the last quarter. US Bancorp DE grew its position in shares of Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after purchasing an additional 56,079 shares during the last quarter. Finally, Sei Investments Co. grew its position 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 valued at $83,814,000 after purchasing an additional 20,744 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VMI. Stifel Nicolaus increased their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the company 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 note on Saturday, May 31st. Finally, William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Trading Down 0.6%

Shares of VMI traded down $2.00 on Friday, hitting $318.70. 427,213 shares of the stock traded hands, compared to its average volume of 138,031. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $6.40 billion, a P/E ratio of 18.55 and a beta of 1.13. The stock's 50 day moving average is $309.09 and its two-hundred day moving average is $315.46. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio is currently 15.83%.

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.