Silvercrest Asset Management Group LLC Purchases New Position in Valmont Industries, Inc. (NYSE:VMI)

Silvercrest Asset Management Group LLC purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,339 shares of the industrial products company's stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 purchasing an additional 123 shares in the last quarter. Quarry LP boosted its holdings in Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 162 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Valmont Industries by 16.9% in the fourth 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. Finally, Venturi Wealth Management LLC boosted its holdings in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 141 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $319.98 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a twelve month low of $244.83 and a twelve month high of $379.22. The stock has a 50 day moving average of $296.78 and a two-hundred day moving average of $319.15. The stock has a market cap of $6.42 billion, a P/E ratio of 18.63 and a beta of 1.10.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. 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 dividend payout ratio (DPR) is presently 15.83%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on VMI shares. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Company 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.

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