Wealthquest Corp Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Wealthquest Corp acquired a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 12,627 shares of the industrial products company's stock, valued at approximately $3,603,000. Wealthquest Corp owned approximately 0.06% of Valmont Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VMI. Beverly Hills Private Wealth LLC increased its stake in shares of Valmont Industries by 3.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock valued at $334,000 after acquiring an additional 43 shares during the last quarter. Vestcor Inc increased its position in Valmont Industries by 2.0% during the 1st quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock worth $757,000 after purchasing an additional 51 shares in the last quarter. Signaturefd LLC increased its position in Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after purchasing an additional 52 shares in the last quarter. TBH Global Asset Management LLC increased its position in Valmont Industries by 1.5% during the 1st quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock worth $1,126,000 after purchasing an additional 58 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Valmont Industries by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock worth $669,000 after purchasing an additional 60 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Performance

VMI stock traded down $5.31 on Friday, reaching $358.64. The company's stock had a trading volume of 180,729 shares, compared to its average volume of 161,327. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $379.22. The company has a market capitalization of $7.20 billion, a P/E ratio of 33.39 and a beta of 1.12. The firm has a fifty day moving average of $332.66 and a two-hundred day moving average of $320.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44.

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

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's payout ratio is 25.33%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VMI. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus increased their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. DA Davidson increased 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. Finally, Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

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.