Simon Quick Advisors LLC Invests $233,000 in Valmont Industries, Inc. (NYSE:VMI)

Simon Quick Advisors LLC acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 817 shares of the industrial products company's stock, valued at approximately $233,000.

Other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its stake in shares of Valmont Industries by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock worth $1,211,000 after buying an additional 34 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Valmont Industries by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock valued at $472,000 after acquiring an additional 35 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 36 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Valmont Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock valued at $1,795,000 after acquiring an additional 38 shares during the last quarter. Finally, Diametric Capital LP boosted its holdings in shares of Valmont Industries by 2.2% during the fourth quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock worth $546,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Finally, DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th.

Valmont Industries Trading Down 0.7%

Shares of NYSE VMI traded down $2.15 during midday trading on Thursday, hitting $320.68. 236,885 shares of the company traded hands, compared to its average volume of 138,688. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $379.22. The stock has a 50-day moving average price of $307.54 and a 200 day moving average price 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 (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. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The firm had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid 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 payout ratio is 15.83%.

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.