Silvercrest Asset Management Group LLC Invests $411,000 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 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,339 shares of the industrial products company's stock, valued at approximately $411,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd raised its stake in Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares during the period. Quarry LP increased its holdings in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after buying an additional 162 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust raised its position 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 buying an additional 36 shares during the period. Finally, Venturi Wealth Management LLC lifted 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 acquiring an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VMI shares. Stifel Nicolaus raised their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

Valmont Industries Trading Down 0.1%

Shares of VMI stock traded down $0.18 during trading hours on Monday, hitting $312.45. The company had a trading volume of 66,272 shares, compared to its average volume of 140,885. 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 stock has a market capitalization of $6.27 billion, a PE ratio of 18.19 and a beta of 1.10. The company's fifty day moving average is $296.00 and its 200 day moving average is $318.59. Valmont Industries, Inc. has a fifty-two week low of $244.83 and a fifty-two week 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 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $976.04 million. Research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 0.87%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's payout ratio is 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.