Cwm LLC Purchases 46,970 Shares of Valmont Industries, Inc. (NYSE:VMI)

CWM LLC lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 40,145.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,087 shares of the industrial products company's stock after purchasing an additional 46,970 shares during the period. CWM LLC owned about 0.23% of Valmont Industries worth $10,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in Valmont Industries during the 4th quarter valued at about $29,000. Avior Wealth Management LLC grew its stake in Valmont Industries by 188.9% during the 4th quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Valmont Industries by 360.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 138 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 108 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in Valmont Industries during the 4th quarter valued at about $44,000. Finally, Signaturefd LLC grew its stake in shares of Valmont Industries by 37.3% in the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company's stock valued at $48,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on VMI shares. DA Davidson dropped their price target on shares of Valmont Industries from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Tuesday, February 27th. Stifel Nicolaus reissued a "buy" rating and issued a $249.00 price target on shares of Valmont Industries in a research note on Monday, March 25th. Finally, StockNews.com raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, March 23rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Valmont Industries presently has an average rating of "Moderate Buy" and an average price target of $262.00.

Valmont Industries Trading Up 0.9 %

Shares of VMI stock traded up $1.82 during trading hours on Tuesday, hitting $213.53. The company had a trading volume of 110,085 shares, compared to its average volume of 166,363. The company's fifty day moving average is $218.28 and its 200 day moving average is $221.13. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.47 and a quick ratio of 1.56. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $306.92. The stock has a market capitalization of $4.32 billion, a PE ratio of 31.68 and a beta of 1.03.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $3.46 EPS. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. Research analysts expect that Valmont Industries, Inc. will post 14.9 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.60 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. Valmont Industries's dividend payout ratio is currently 35.61%.

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.