NewEdge Advisors LLC Acquires 2,339 Shares of Valmont Industries, Inc. (NYSE:VMI)

NewEdge Advisors LLC raised its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 670.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,688 shares of the industrial products company's stock after acquiring an additional 2,339 shares during the quarter. NewEdge Advisors LLC's holdings in Valmont Industries were worth $824,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd boosted its holdings in Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after acquiring an additional 123 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Valmont Industries by 16.9% during 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 during the period. Venturi Wealth Management LLC raised its stake 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 buying an additional 141 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Valmont Industries by 17.9% in the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock worth $101,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Up 2.8 %

NYSE:VMI traded up $8.11 during trading hours on Thursday, reaching $301.33. 20,389 shares of the company traded hands, compared to its average volume of 147,504. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The business's 50-day moving average price is $302.72 and its two-hundred day moving average price is $319.00. The stock has a market capitalization of $6.05 billion, a P/E ratio of 17.54 and a beta of 1.07. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. DA Davidson lowered 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 upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th.

About Valmont Industries

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.