Ritholtz Wealth Management Makes New $569,000 Investment in Valmont Industries, Inc. (NYSE:VMI)

Ritholtz Wealth Management purchased a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,993 shares of the industrial products company's stock, valued at approximately $569,000.

Several other institutional investors have also recently made changes to their positions in VMI. LaFleur & Godfrey LLC increased its holdings in shares of Valmont Industries by 2.3% in the fourth quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock worth $4,254,000 after purchasing an additional 308 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Valmont Industries in the fourth quarter worth $8,275,000. Van ECK Associates Corp increased its holdings in shares of Valmont Industries by 34.3% in the fourth quarter. Van ECK Associates Corp now owns 15,436 shares of the industrial products company's stock worth $4,734,000 after purchasing an additional 3,943 shares during the period. New York State Teachers Retirement System increased its stake in Valmont Industries by 6.8% in the fourth quarter. New York State Teachers Retirement System now owns 24,340 shares of the industrial products company's stock valued at $7,464,000 after acquiring an additional 1,543 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Valmont Industries by 6.6% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the industrial products company's stock valued at $330,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

Valmont Industries stock opened at $320.68 on Thursday. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average of $307.54 and a 200-day moving average of $316.09. The firm has a market cap of $6.44 billion, a P/E ratio of 18.67 and a beta of 1.13. 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 posted its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. The company had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.85%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Analysts Set New Price Targets

A number of research firms recently commented on VMI. Stifel Nicolaus increased their target price on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th.

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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