Virtu Financial LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,092 shares of the industrial products company's stock, valued at approximately $335,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VMI. Sunbelt Securities Inc. acquired a new position in shares of Valmont Industries in the third quarter worth $35,000. Point72 Asset Management L.P. acquired a new stake in Valmont Industries in the third quarter valued at approximately $58,000. Avior Wealth Management LLC boosted 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 worth $65,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in 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 purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Valmont Industries by 83.4% in the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after purchasing an additional 141 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
Valmont Industries Price Performance
VMI stock traded up $3.62 during trading on Tuesday, hitting $288.99. The company had a trading volume of 131,184 shares, compared to its average volume of 147,609. 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 company has a fifty day moving average price of $327.49 and a two-hundred day moving average price of $320.68. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The company has a market cap of $5.80 billion, a P/E ratio of 16.82 and a beta of 0.98.
Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data 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 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 analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $3.18 earnings per share. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 0.94%. This is a boost from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's dividend payout ratio (DPR) is 15.83%.
Analyst Ratings Changes
A number of research firms have weighed in on VMI. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday. William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st. Finally, DA Davidson lowered 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.
Read Our Latest Stock Report on Valmont Industries
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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