HighTower Advisors LLC decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,911 shares of the industrial products company's stock after selling 1,125 shares during the period. HighTower Advisors LLC owned approximately 0.83% of Valmont Industries worth $50,880,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in VMI. Sunbelt Securities Inc. purchased a new position in shares of Valmont Industries in the third quarter worth about $35,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries in the third quarter worth about $58,000. Avior Wealth Management LLC increased 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 worth $65,000 after buying an additional 56 shares during the period. Huntington National Bank increased its holdings in shares of Valmont Industries by 16.5% in the third quarter. Huntington National Bank now owns 247 shares of the industrial products company's stock worth $72,000 after buying an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust increased 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 worth $76,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.
Valmont Industries Stock Down 2.5 %
Shares of NYSE:VMI opened at $318.49 on Friday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The company has a market cap of $6.38 billion, a PE ratio of 18.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The stock's 50-day moving average is $330.35 and its 200 day moving average is $317.30.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results 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 return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $3.18 EPS. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.85%. This is a boost from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. Valmont Industries's payout ratio is presently 15.83%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. StockNews.com upgraded Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted 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.
Get Our Latest Stock Analysis on Valmont Industries
Valmont Industries Company Profile
(
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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