820 Shares in Valmont Industries, Inc. (NYSE:VMI) Purchased by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC bought a new position in Valmont Industries, Inc. (NYSE:VMI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 820 shares of the industrial products company’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its stake in shares of Valmont Industries by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,884 shares of the industrial products company’s stock valued at $1,416,000 after purchasing an additional 139 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Valmont Industries by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 271,604 shares of the industrial products company’s stock valued at $78,752,000 after buying an additional 3,501 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Valmont Industries in the third quarter worth about $558,000. Horizon Kinetics Asset Management LLC increased its position in Valmont Industries by 53.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 2,575 shares of the industrial products company’s stock worth $747,000 after purchasing an additional 900 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Valmont Industries by 371.6% during the 3rd quarter. Bank of Montreal Can now owns 21,927 shares of the industrial products company’s stock valued at $6,338,000 after buying an additional 17,278 shares during the period. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.1 %

Shares of VMI opened at $298.70 on Wednesday. The stock has a fifty day simple moving average of $331.75 and a two-hundred day simple moving average of $319.87. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $6.00 billion, a PE ratio of 17.39 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the previous year, the firm posted $3.18 earnings per share. As a group, equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.68 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 0.91%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is 15.83%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VMI shares. Stifel Nicolaus raised their price objective on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. DA Davidson lowered 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. StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 19th. Finally, William Blair downgraded shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st.

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.