Versant Capital Management Inc Has $374,000 Holdings in Valmont Industries, Inc. (NYSE:VMI)

Versant Capital Management Inc lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 558.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,310 shares of the industrial products company's stock after acquiring an additional 1,111 shares during the quarter. Versant Capital Management Inc's holdings in Valmont Industries were worth $374,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd boosted its stake in shares of Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after acquiring an additional 123 shares in the last quarter. Quarry LP boosted its stake in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after acquiring an additional 162 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after acquiring an additional 36 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 141 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Valmont Industries by 17.9% during the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock worth $101,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

Valmont Industries stock traded up $0.88 during trading hours on Friday, hitting $318.21. The stock had a trading volume of 136,148 shares, compared to its average volume of 140,852. The company has a 50-day moving average of $296.92 and a two-hundred day moving average of $317.69. 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 company has a market cap of $6.39 billion, a PE ratio of 18.52 and a beta of 1.10. Valmont Industries, Inc. has a fifty-two week low of $244.83 and a fifty-two week high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.85%. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Analysts Set New Price Targets

Several research firms recently weighed in on VMI. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus boosted their price objective 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.

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.