2,892 Shares in Valmont Industries, Inc. (NYSE:VMI) Purchased by Private Client Services LLC

Private Client Services LLC purchased a new position in Valmont Industries, Inc. (NYSE:VMI) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,892 shares of the industrial products company’s stock, valued at approximately $825,000.

A number of other institutional investors also recently made changes to their positions in VMI. Aster Capital Management DIFC Ltd lifted 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 period. Quarry LP lifted its holdings in shares of Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company’s stock valued at $62,000 after buying an additional 162 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Valmont Industries by 16.9% in 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. Finally, Venturi Wealth Management LLC lifted its holdings in Valmont Industries by 83.4% in the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 141 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Price Performance

VMI opened at $317.85 on Friday. The stock has a fifty day moving average of $296.53 and a 200-day moving average of $318.19. The firm has a market capitalization of $6.38 billion, a P/E ratio of 18.50 and a beta of 1.10. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month 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.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. Equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.86%. Valmont Industries’s payout ratio is 15.83%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VMI shares. DA Davidson downgraded 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. Wall Street Zen cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Finally, William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd.

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.