Simon Quick Advisors LLC acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 817 shares of the industrial products company's stock, valued at approximately $233,000.
Several other hedge funds also recently modified their holdings of VMI. Aster Capital Management DIFC Ltd increased its position in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after acquiring an additional 123 shares in the last quarter. Quarry LP increased its holdings in shares of 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. GAMMA Investing LLC increased its holdings in shares of Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 102 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after purchasing an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.
Valmont Industries Trading Up 1.4%
NYSE VMI traded up $4.60 on Monday, reaching $326.35. The company had a trading volume of 228,653 shares, compared to its average volume of 138,959. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $379.22. The stock's 50 day moving average is $304.82 and its 200-day moving average is $316.16. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 19.00 and a beta of 1.13.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 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 during the quarter, compared to analysts' expectations of $976.04 million. Equities analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.
Valmont Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. Valmont Industries's dividend payout ratio is 15.83%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on VMI. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research report on Wednesday, February 19th. Stifel Nicolaus boosted their price objective on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st.
View Our Latest Report on Valmont Industries
Valmont Industries Profile
(
Free Report)
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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