AlphaQuest LLC Grows Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

AlphaQuest LLC raised its position in Valmont Industries, Inc. (NYSE:VMI) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,554 shares of the industrial products company’s stock after acquiring an additional 454 shares during the quarter. AlphaQuest LLC’s holdings in Valmont Industries were worth $1,090,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in shares of Valmont Industries in the third quarter valued at about $35,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries in the third quarter valued at about $58,000. Avior Wealth Management LLC increased its position in shares of Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 56 shares during the period. Huntington National Bank increased its position in shares of Valmont Industries by 16.5% in the third quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Down 3.0 %

NYSE:VMI opened at $317.99 on Tuesday. The company’s 50 day moving average price is $329.64 and its 200-day moving average price is $317.01. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 18.51 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS 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 analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $3.18 earnings per share. On average, equities research analysts forecast 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. Investors of record on Friday, March 28th will be issued a $0.68 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.86%. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is currently 15.83%.

Analysts Set New Price Targets

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

Valmont Industries 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.