UMB Bank n.a. trimmed its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 86.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172 shares of the industrial products company's stock after selling 1,133 shares during the period. UMB Bank n.a.'s holdings in Valmont Industries were worth $49,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd lifted its holdings in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 123 shares in the last quarter. Quarry LP grew its position 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 during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares during the last quarter. Venturi Wealth Management LLC grew its position in Valmont Industries by 83.4% during the fourth 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. Finally, First Horizon Advisors Inc. grew its position in Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock worth $101,000 after buying an additional 50 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on VMI shares. Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.
Get Our Latest Research Report on Valmont Industries
Valmont Industries Stock Down 0.7%
Valmont Industries stock traded down $2.15 during midday trading on Wednesday, hitting $320.68. 236,885 shares of the stock were exchanged, compared to its average volume of 138,688. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 18.67 and a beta of 1.13. The business's 50-day moving average price is $307.54 and its 200-day moving average price is $316.09. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.24 by $0.08. The business had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. On average, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Announces Dividend
The firm 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 $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is currently 15.83%.
About Valmont Industries
(
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.
Recommended Stories
Before you consider Valmont Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valmont Industries wasn't on the list.
While Valmont Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
