Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 53,405 shares of the industrial products company’s stock after selling 457 shares during the period. Leeward Investments LLC MA’s holdings in Valmont Industries were worth $12,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VMI. Sound Income Strategies LLC acquired a new stake in Valmont Industries during the fourth quarter valued at approximately $29,000. Avior Wealth Management LLC lifted its position in shares of Valmont Industries by 188.9% in the 4th quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Valmont Industries by 360.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 138 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 108 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Valmont Industries in the 4th quarter valued at approximately $44,000. Finally, Signaturefd LLC lifted its position in shares of Valmont Industries by 37.3% in the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 56 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Up 0.2 %

VMI stock traded up $0.41 during midday trading on Friday, reaching $209.98. The company had a trading volume of 191,169 shares, compared to its average volume of 166,816. Valmont Industries, Inc. has a 1 year low of $188.63 and a 1 year high of $303.57. The company has a current ratio of 2.47, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $4.24 billion, a P/E ratio of 31.15 and a beta of 1.03. The company has a 50 day moving average of $217.08 and a two-hundred day moving average of $220.80.

Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $3.46 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. On average, equities research analysts expect that Valmont Industries, Inc. will post 14.9 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. Valmont Industries’s payout ratio is presently 35.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. Stifel Nicolaus restated a “buy” rating and issued a $249.00 price target on shares of Valmont Industries in a research report on Monday, March 25th. Finally, DA Davidson reduced their price target on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.00.

Valmont Industries Company 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.