Valmont Industries, Inc. (NYSE:VMI) Shares Bought by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,705 shares of the industrial products company’s stock after purchasing an additional 418 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Valmont Industries were worth $2,363,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Valmont Industries by 1.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock worth $674,000 after acquiring an additional 35 shares during the period. Van ECK Associates Corp boosted its position in Valmont Industries by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 11,493 shares of the industrial products company’s stock worth $3,332,000 after purchasing an additional 3,284 shares in the last quarter. Portside Wealth Group LLC purchased a new stake in Valmont Industries in the 3rd quarter worth approximately $219,000. Axxcess Wealth Management LLC acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $392,000. Finally, Colonial River Investments LLC purchased a new position in shares of Valmont Industries during the 3rd quarter valued at approximately $393,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

VMI opened at $328.26 on Friday. The firm’s fifty day simple moving average is $328.96 and its two-hundred day simple moving average is $315.98. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 19.11 and a beta of 0.98. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $3.18 EPS. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.83%. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. Valmont Industries’s payout ratio is presently 15.83%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VMI. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their price target on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th.

About Valmont Industries

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.