Summit Global Investments Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Summit Global Investments purchased a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,403 shares of the industrial products company's stock, valued at approximately $737,000.

Several other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in shares of Valmont Industries during the 3rd quarter valued at $35,000. Point72 Asset Management L.P. acquired a new stake in Valmont Industries in the 3rd quarter valued at approximately $58,000. Avior Wealth Management LLC boosted its holdings in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 36 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Valmont Industries by 12.5% during the 3rd 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 last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded down $1.33 on Thursday, reaching $299.39. 177,632 shares of the company traded hands, compared to its average volume of 141,265. 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 company has a 50 day moving average of $331.27 and a 200 day moving average of $319.73. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. The firm has a market capitalization of $6.01 billion, a PE ratio of 17.43 and a beta of 0.98.

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Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating analysts' consensus estimates of $3.63 by $0.21. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period last year, the business earned $3.18 earnings per share. Equities 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 dividend of $0.68 per share. This is a boost from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, March 28th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Analyst Ratings Changes

VMI has been the subject of several research analyst reports. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th. William Blair downgraded Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus upped their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th.

Valmont Industries 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.