FourThought Financial Partners LLC Acquires Shares of 699 Valmont Industries, Inc. (NYSE:VMI)

FourThought Financial Partners LLC acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, Holdings Channel.com reports. The firm acquired 699 shares of the industrial products company’s stock, valued at approximately $214,000.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in Valmont Industries in the third quarter valued at $35,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries in the 3rd quarter valued at about $58,000. Signaturefd LLC increased its holdings in shares of Valmont Industries by 35.4% in the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 56 shares during the last quarter. Avior Wealth Management LLC raised 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 in the last quarter. Finally, Hanseatic Management Services Inc. purchased a new stake in Valmont Industries in the third quarter valued at $66,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th.

Insiders Place Their Bets

In other news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This represents a 13.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Valmont Industries Price Performance

Valmont Industries stock opened at $348.26 on Thursday. 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 business has a 50 day simple moving average of $325.50 and a 200-day simple moving average of $313.84. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22. The stock has a market capitalization of $6.98 billion, a PE ratio of 20.27 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $3.18 EPS. Equities analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase 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 0.78%. Valmont Industries’s payout ratio is 15.83%.

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.