AXQ Capital LP purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,144 shares of the industrial products company's stock, valued at approximately $658,000.
Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in Valmont Industries during the third quarter valued at $35,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries in the 3rd quarter worth about $58,000. Avior Wealth Management LLC lifted its position 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 acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust boosted its stake in Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after acquiring an additional 36 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company's stock worth $81,000 after purchasing an additional 31 shares during the period. 87.84% of the stock is owned by institutional investors.
Valmont Industries Stock Performance
Shares of NYSE VMI traded down $1.33 during midday trading on Thursday, hitting $299.39. 177,632 shares of the company's stock traded hands, compared to its average volume of 141,265. The firm has a fifty day moving average of $331.27 and a 200 day moving average of $319.73. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 17.43 and a beta of 0.98.
Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm posted $3.18 EPS. On average, analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.
Valmont Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend 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%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on VMI shares. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. 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 note on Wednesday, March 19th. Finally, William Blair lowered Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st.
View Our Latest Research Report on VMI
About Valmont Industries
(
Free Report)
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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