Alliance Wealth Advisors LLC UT Boosts Holdings in Valmont Industries, Inc. (NYSE:VMI)

Alliance Wealth Advisors LLC UT boosted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,889 shares of the industrial products company’s stock after buying an additional 68 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Valmont Industries were worth $441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of VMI. AE Wealth Management LLC purchased a new position in Valmont Industries during the third quarter worth $221,000. SG Americas Securities LLC boosted its stake in Valmont Industries by 975.5% during the third quarter. SG Americas Securities LLC now owns 5,313 shares of the industrial products company’s stock worth $1,276,000 after buying an additional 4,819 shares during the period. Ellsworth Advisors LLC boosted its stake in Valmont Industries by 7.3% during the third quarter. Ellsworth Advisors LLC now owns 14,752 shares of the industrial products company’s stock worth $3,506,000 after buying an additional 1,005 shares during the period. Copeland Capital Management LLC purchased a new position in Valmont Industries during the third quarter worth $51,814,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Valmont Industries by 10.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,347 shares of the industrial products company’s stock worth $564,000 after buying an additional 226 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Trading Up 0.2 %

Shares of VMI traded up $0.42 during trading hours on Friday, reaching $209.99. 191,169 shares of the company traded hands, compared to its average volume of 168,471. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 31.16 and a beta of 1.03. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month 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 stock’s fifty day moving average price is $217.08 and its 200 day moving average price is $220.68.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.04 billion. Valmont Industries had a return on equity of 20.69% and a net margin of 3.44%. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.46 earnings per share. Sell-side analysts forecast that Valmont Industries, Inc. will post 14.9 earnings per share for the current year.

Valmont Industries Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VMI. StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd. Stifel Nicolaus reissued a “buy” rating and set a $249.00 target price on shares of Valmont Industries in a research note on Monday, March 25th. Finally, DA Davidson lowered their target price on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $262.00.

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.