Xponance Inc. Purchases 124 Shares of Valmont Industries, Inc. (NYSE:VMI)

Xponance Inc. raised its position in Valmont Industries, Inc. (NYSE:VMI) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,292 shares of the industrial products company’s stock after purchasing an additional 124 shares during the period. Xponance Inc.’s holdings in Valmont Industries were worth $703,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in shares of Valmont Industries in the 3rd quarter valued at $35,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries during the 3rd quarter valued at about $58,000. Avior Wealth Management LLC grew its position in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the period. Parkside Financial Bank & Trust lifted its stake in Valmont Industries by 16.9% in 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 in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Valmont Industries by 12.5% during the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 31 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VMI. Stifel Nicolaus raised 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. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 19th. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a report on Wednesday, February 19th. Finally, William Blair cut Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $299.08 on Tuesday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 17.41 and a beta of 0.98. 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 company’s 50 day simple moving average is $332.04 and its 200 day simple moving average is $319.64.

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, beating the consensus estimate of $3.63 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter last year, the company posted $3.18 EPS. As a group, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Friday, March 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

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.