Valmont Industries, Inc. (NYSE:VMI - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 267,502 shares traded hands during trading, an increase of 82% from the previous session's volume of 147,229 shares.The stock last traded at $254.10 and had previously closed at $278.17.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on VMI. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. DA Davidson cut shares of 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. William Blair downgraded shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a report on Friday, March 21st. Finally, Stifel Nicolaus boosted their target price 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 Report on VMI
Valmont Industries Stock Performance
The firm has a fifty day moving average price of $316.19 and a 200 day moving average price of $319.71. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.70 billion, a PE ratio of 16.54 and a beta of 1.07.
Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping 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 company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $3.18 earnings per share. As a group, equities research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.
Valmont Industries Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.96%. Valmont Industries's dividend payout ratio (DPR) is 15.83%.
Institutional Trading of Valmont Industries
Several institutional investors and hedge funds have recently bought and sold shares of VMI. Sunbelt Securities Inc. acquired a new stake in Valmont Industries in the 3rd quarter valued at approximately $35,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries during the third quarter worth $58,000. Aster Capital Management DIFC Ltd grew its stake in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares in the last quarter. Quarry LP raised its holdings in shares of Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares during the period. Finally, Avior Wealth Management LLC lifted its stake 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 worth $65,000 after acquiring an additional 56 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
About Valmont Industries
(
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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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