Versant Capital Management Inc Increases Holdings in Valmont Industries, Inc. (NYSE:VMI)

Versant Capital Management Inc grew its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 558.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd raised its stake in Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares during the period. Quarry LP increased its holdings 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 buying an additional 162 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in 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 acquiring an additional 36 shares during the last quarter. Venturi Wealth Management LLC grew its position in Valmont Industries by 83.4% in the fourth 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 during the period. Finally, First Horizon Advisors Inc. increased its stake 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 acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on VMI. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday. DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd.

Valmont Industries Stock Down 0.1%

NYSE VMI traded down $0.23 during trading hours on Wednesday, hitting $323.19. 30,938 shares of the company were exchanged, compared to its average volume of 140,212. The company has a 50 day moving average of $297.74 and a two-hundred day moving average of $317.59. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 52-week low of $244.83 and a 52-week high of $379.22. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 18.81 and a beta of 1.13.

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 analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio 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.