FourThought Financial Partners LLC Takes $214,000 Position in Valmont Industries, Inc. (NYSE:VMI)

FourThought Financial Partners LLC purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 699 shares of the industrial products company’s stock, valued at approximately $214,000.

A number of other hedge funds also recently bought and sold shares of VMI. First Horizon Advisors Inc. increased its holdings in shares of Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 31 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake 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 last quarter. Huntington National Bank raised its position in 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 purchasing an additional 35 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Valmont Industries by 1.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,989 shares of the industrial products company’s stock valued at $917,000 after purchasing an additional 47 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

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

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion for 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 in the prior year, the company earned $3.18 earnings per share. As a group, sell-side analysts forecast 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. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 0.78%. Valmont Industries’s payout ratio is 15.83%.

Analysts Set New Price Targets

Several analysts recently issued reports on VMI shares. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a 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 note 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 objective for the company. in a research report on Wednesday, February 19th.

Insider Transactions at Valmont Industries

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

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.