776 Shares in Valmont Industries, Inc. (NYSE:VMI) Purchased by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP has made a new investment in Valmont Industries, acquiring 776 shares valued at approximately $221,000 during the 1st quarter of the year.
• Valmont Industries has received positive analyst ratings, with firms like Wall Street Zen upgrading the stock from a "hold" to a "buy" and DA Davidson raising its target price from $380.00 to $400.00.
• The company recently announced a quarterly dividend of $0.68 per share, reflecting a 0.75% dividend yield and a payout ratio of 25.33%.

Stevens Capital Management LP purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 776 shares of the industrial products company's stock, valued at approximately $221,000.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers increased its position in Valmont Industries by 2.1% during the 1st quarter. Cetera Investment Advisers now owns 8,219 shares of the industrial products company's stock valued at $2,345,000 after purchasing an additional 172 shares during the period. Venturi Wealth Management LLC increased its holdings in Valmont Industries by 1,037.1% during the first quarter. Venturi Wealth Management LLC now owns 3,525 shares of the industrial products company's stock valued at $1,006,000 after buying an additional 3,215 shares during the period. Oak Thistle LLC raised its stake in Valmont Industries by 477.5% in the first quarter. Oak Thistle LLC now owns 9,939 shares of the industrial products company's stock worth $2,836,000 after buying an additional 8,218 shares in the last quarter. KLP Kapitalforvaltning AS raised its stake in Valmont Industries by 14.3% in the first quarter. KLP Kapitalforvaltning AS now owns 5,600 shares of the industrial products company's stock worth $1,601,000 after buying an additional 700 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Valmont Industries during the first quarter worth $978,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Up 0.3%

NYSE:VMI traded up $1.26 during mid-day trading on Wednesday, hitting $364.44. 64,904 shares of the company's stock traded hands, compared to its average volume of 160,441. The company has a fifty day moving average of $330.62 and a 200 day moving average of $319.86. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The company has a market capitalization of $7.31 billion, a P/E ratio of 33.93 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. The company's revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.91 earnings per share. On average, analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.75%. Valmont Industries's payout ratio is currently 25.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VMI shares. DA Davidson lifted their price target on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Stifel Nicolaus lifted their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research note on Monday, July 21st. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report 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.

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.