1,993 Shares in Valmont Industries, Inc. (NYSE:VMI) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,993 shares of the industrial products company's stock, valued at approximately $569,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morey & Quinn Wealth Partners LLC increased its stake in Valmont Industries by 12.2% during the first quarter. Morey & Quinn Wealth Partners LLC now owns 920 shares of the industrial products company's stock valued at $263,000 after acquiring an additional 100 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Valmont Industries by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock valued at $736,000 after acquiring an additional 393 shares during the period. Allen Mooney & Barnes Investment Advisors LLC increased its stake in Valmont Industries by 9.4% during the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 2,844 shares of the industrial products company's stock valued at $812,000 after acquiring an additional 245 shares during the period. Simon Quick Advisors LLC bought a new position in Valmont Industries during the first quarter valued at about $233,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Valmont Industries during the first quarter valued at about $343,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VMI shares. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus lifted their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st.

Valmont Industries Price Performance

NYSE VMI traded down $2.00 during trading on Friday, reaching $318.70. 427,213 shares of the company traded hands, compared to its average volume of 138,031. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26. The stock's 50 day moving average price is $309.09 and its two-hundred day moving average price is $315.46. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 18.55 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 announced its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping 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 return on equity of 22.27% and a net margin of 8.55%. As a group, analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, June 27th. Valmont Industries's payout ratio is currently 15.83%.

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.