Townsquare Capital LLC Acquires 921 Shares of Valmont Industries, Inc. (NYSE:VMI)

Townsquare Capital LLC grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,685 shares of the industrial products company’s stock after acquiring an additional 921 shares during the quarter. Townsquare Capital LLC owned about 0.06% of Valmont Industries worth $3,583,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VMI. Sunbelt Securities Inc. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $35,000. Aster Capital Management DIFC Ltd boosted its position 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 worth $59,000 after purchasing an additional 123 shares during the last quarter. Avior Wealth Management LLC grew 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 during the period. Parkside Financial Bank & Trust increased its position in shares of 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 during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings 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 worth $95,000 after buying an additional 141 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on VMI. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th. Stifel Nicolaus decreased their target price on Valmont Industries from $425.00 to $343.00 and set a “buy” rating on the stock in a report on Monday. William Blair lowered Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Finally, StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $284.37 on Tuesday. The stock has a market cap of $5.71 billion, a PE ratio of 16.55 and a beta of 1.07. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The firm has a fifty day moving average price of $315.30 and a 200-day moving average price of $319.89. 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) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the prior year, the business posted $3.18 EPS. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.96%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s dividend payout ratio is presently 15.83%.

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.