Heritage Trust Co Acquires Shares of 2,259 Valmont Industries, Inc. (NYSE:VMI)

Heritage Trust Co purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,259 shares of the industrial products company's stock, valued at approximately $693,000.

Other hedge funds have also recently bought and sold shares of the company. Covea Finance boosted its holdings in shares of Valmont Industries by 29.9% in the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock valued at $4,661,000 after buying an additional 3,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Valmont Industries by 70.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after acquiring an additional 19,096 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Valmont Industries in the 3rd quarter valued at about $698,000. Nordea Investment Management AB increased its stake in shares of Valmont Industries by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company's stock worth $5,326,000 after purchasing an additional 2,521 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of Valmont Industries by 73.6% in the 4th quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock valued at $9,300,000 after purchasing an additional 12,854 shares during the period. 87.84% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities analysts recently commented on VMI shares. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. 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. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a report on Wednesday, February 19th. Finally, William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded down $1.93 on Wednesday, hitting $280.57. The stock had a trading volume of 129,602 shares, compared to its average volume of 153,794. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 16.33 and a beta of 1.07. 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, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The business's 50 day moving average is $314.34 and its two-hundred day moving average is $319.63.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations 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 last year, the business earned $3.18 EPS. Analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 0.97%. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's payout ratio is currently 15.83%.

Valmont Industries Company 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.