Sherbrooke Park Advisers LLC Boosts Holdings in Valmont Industries, Inc. (NYSE:VMI)

Sherbrooke Park Advisers LLC boosted its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 215.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,481 shares of the industrial products company's stock after acquiring an additional 1,694 shares during the period. Sherbrooke Park Advisers LLC's holdings in Valmont Industries were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VMI. Aster Capital Management DIFC Ltd increased its stake in Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 123 shares in the last quarter. Quarry LP increased 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 purchasing an additional 162 shares in the last quarter. Avior Wealth Management LLC increased its stake in 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 stake in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Up 1.9%

NYSE:VMI opened at $325.57 on Friday. The firm has a market capitalization of $6.53 billion, a P/E ratio of 18.95 and a beta of 1.10. Valmont Industries, Inc. has a 1-year low of $244.83 and a 1-year high of $379.22. The company's fifty day moving average price is $296.83 and its 200-day moving average price is $319.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

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 for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. The firm had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. As a group, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VMI. DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research note on Wednesday, February 19th. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note 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.

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.

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