Guardian Wealth Advisors LLC NC Makes New $1.90 Million Investment in Valmont Industries, Inc. (NYSE:VMI)

Guardian Wealth Advisors LLC NC bought a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 6,198 shares of the industrial products company's stock, valued at approximately $1,901,000.

A number of other hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd lifted its position in shares of 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 valued at $59,000 after buying an additional 123 shares during the last quarter. Quarry LP lifted its stake in Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 162 shares during the period. Avior Wealth Management LLC grew its holdings in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust increased 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 buying an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after buying an additional 141 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Up 0.5%

Shares of Valmont Industries stock traded up $1.52 during trading on Tuesday, hitting $323.16. 10,511 shares of the stock were exchanged, compared to its average volume of 142,781. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 18.86 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm's 50-day moving average price is $297.11 and its 200 day moving average price is $319.01. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.08. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. As a group, analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.84%. Valmont Industries's payout ratio is currently 15.83%.

Analysts Set New Price Targets

VMI has been the subject of several research analyst reports. DA Davidson downgraded shares of 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. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus increased their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.

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.