Wealthquest Corp Acquires New Shares in Valmont Industries, Inc. (NYSE:VMI)

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

Several other institutional investors also recently modified their holdings of VMI. Beverly Hills Private Wealth LLC grew its holdings in 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 worth $334,000 after acquiring an additional 43 shares during the last quarter. Vestcor Inc lifted its position in shares of Valmont Industries by 2.0% during the first 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 grew its stake 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 valued at $77,000 after purchasing an additional 52 shares during the last quarter. TBH Global Asset Management LLC grew its stake in shares of Valmont Industries by 1.5% during the first quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock valued at $1,126,000 after purchasing an additional 58 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Valmont Industries by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock valued at $669,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Wall Street Analyst Weigh In

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

Valmont Industries Trading Down 1.5%

VMI traded down $5.31 during trading on Friday, reaching $358.64. 180,729 shares of the company's stock were exchanged, compared to its average volume of 174,047. The company's fifty day moving average price is $333.59 and its 200-day moving average price is $320.84. The firm has a market capitalization of $7.20 billion, a PE ratio of 33.39 and a beta of 1.12. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $379.22. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15.

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

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is currently 25.33%.

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.