Valmont Industries, Inc. (NYSE:VMI) Stock Holdings Raised by Southernsun Asset Management LLC

Southernsun Asset Management LLC increased its position in Valmont Industries, Inc. (NYSE:VMI) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,188 shares of the industrial products company’s stock after purchasing an additional 242 shares during the period. Valmont Industries accounts for about 0.8% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Southernsun Asset Management LLC’s holdings in Valmont Industries were worth $6,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its holdings in shares of Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after buying an additional 123 shares during the period. Avior Wealth Management LLC boosted its stake 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 valued at $65,000 after acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust grew its holdings 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 purchasing an additional 36 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Valmont Industries by 83.4% during 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 period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Valmont Industries by 17.9% in the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $270.06 on Tuesday. The stock has a market cap of $5.42 billion, a P/E ratio of 15.72 and a beta of 1.07. The firm’s 50-day simple moving average is $310.37 and its 200 day simple moving average is $319.51. 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 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 released its quarterly earnings results 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. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period in the previous year, the firm earned $3.18 EPS. Equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a dividend of $0.68 per share. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 1.01%. Valmont Industries’s dividend payout ratio (DPR) is 15.83%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Valmont Industries from $425.00 to $343.00 and set a “buy” rating for the company in a research report on Monday, April 14th. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. William Blair cut Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Finally, DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th.

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.