Segall Bryant & Hamill LLC raised its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 289,922 shares of the industrial products company's stock after acquiring an additional 1,289 shares during the quarter. Valmont Industries accounts for about 1.2% of Segall Bryant & Hamill LLC's holdings, making the stock its 4th biggest position. Segall Bryant & Hamill LLC owned about 1.45% of Valmont Industries worth $88,910,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries in the 3rd quarter worth approximately $35,000. Point72 Asset Management L.P. purchased a new stake in Valmont Industries during the third quarter worth $58,000. Avior Wealth Management LLC grew its holdings in 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 purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust increased its position 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 in the last quarter. Finally, First Horizon Advisors Inc. raised its stake 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 buying an additional 31 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Finally, William Blair lowered Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st.
Get Our Latest Report on Valmont Industries
Valmont Industries Trading Down 3.1 %
NYSE:VMI traded down $9.21 on Friday, reaching $289.99. The stock had a trading volume of 114,692 shares, compared to its average volume of 147,702. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 16.88 and a beta of 0.98. The firm's fifty day moving average is $329.60 and its two-hundred day moving average is $320.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the prior year, the firm posted $3.18 earnings per share. Equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's payout ratio is currently 15.83%.
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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