Universal Beteiligungs und Servicegesellschaft mbH Buys New Holdings in Valmont Industries, Inc. (NYSE:VMI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 3,427 shares of Valmont Industries, Inc. valued at approximately $978,000, as reported in its recent 13F filing.
• Valmont Industries has received several analyst upgrades, with William Blair raising its rating from "market perform" to "outperform" and Stifel Nicolaus increasing the price objective from $345 to $382.
• The company announced a quarterly dividend of $0.68 per share, with the ex-dividend date set for September 26, representing a dividend yield of 0.8%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,427 shares of the industrial products company's stock, valued at approximately $978,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd boosted 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 acquiring an additional 123 shares in the last quarter. Quarry LP grew its stake in Valmont Industries by 395.1% during the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after buying an additional 162 shares during the period. GAMMA Investing LLC boosted its stake 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 during the period. Signaturefd LLC raised its holdings in shares of Valmont Industries by 23.9% during the first quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after purchasing an additional 52 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Valmont Industries by 19.1% in the 1st quarter. First Horizon Advisors Inc. now owns 392 shares of the industrial products company's stock worth $112,000 after acquiring an additional 63 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Trading Up 0.3%

Shares of VMI stock traded up $1.22 during mid-day trading on Tuesday, reaching $366.81. 51,482 shares of the stock traded hands, compared to its average volume of 160,216. The stock's fifty day simple moving average is $334.64 and its two-hundred day simple moving average is $320.93. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 34.15 and a beta of 1.12. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48.

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

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.7%. Valmont Industries's payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

VMI has been the subject of several research reports. DA Davidson raised their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus lifted their price objective on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st.

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.