SMART Wealth LLC Purchases New Stake in Valmont Industries, Inc. (NYSE:VMI)

SMART Wealth LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,743 shares of the industrial products company's stock, valued at approximately $497,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Valmont Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock valued at $610,531,000 after buying an additional 6,967 shares during the period. Franklin Resources Inc. increased its position in Valmont Industries by 23.3% in the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after purchasing an additional 94,884 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Valmont Industries by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after purchasing an additional 9,201 shares during the last quarter. Earnest Partners LLC increased its position in Valmont Industries by 4.3% in the 4th quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after purchasing an additional 16,302 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in Valmont Industries by 0.4% in the 4th quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after purchasing an additional 1,289 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VMI. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus upped their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st.

Valmont Industries Stock Performance

VMI opened at $341.58 on Friday. The company has a market cap of $6.86 billion, a PE ratio of 19.88 and a beta of 1.12. The stock has a 50-day moving average of $318.08 and a 200-day moving average of $315.44. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22. 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 (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.08. The company had revenue of $969.31 million during 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, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.80%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Valmont Industries 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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