Steward Partners Investment Advisory LLC Grows Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Steward Partners Investment Advisory LLC increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,044 shares of the industrial products company’s stock after buying an additional 211 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Valmont Industries were worth $320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of Valmont Industries by 57.6% in the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after acquiring an additional 148,811 shares in the last quarter. US Bancorp DE raised its holdings in Valmont Industries by 2,077.0% during the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock worth $18,026,000 after purchasing an additional 56,079 shares in the last quarter. Wellington Management Group LLP raised its holdings in Valmont Industries by 16.3% during the third quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock worth $71,825,000 after purchasing an additional 34,772 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Valmont Industries during the fourth quarter worth about $8,275,000. Finally, Segall Bryant & Hamill LLC grew its position in Valmont Industries by 9.6% during the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock worth $83,689,000 after buying an additional 25,237 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Stifel Nicolaus raised their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a report on Wednesday, February 19th.

Valmont Industries Trading Down 2.5 %

NYSE VMI opened at $318.49 on Friday. The firm has a market capitalization of $6.38 billion, a PE ratio of 18.54 and a beta of 0.98. The company has a 50-day simple moving average of $330.35 and a 200-day simple moving average of $317.30. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.01 billion. During the same period last year, the firm posted $3.18 EPS. On average, equities 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 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. 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 0.85%. The ex-dividend date is Friday, March 28th. Valmont Industries’s payout ratio is presently 15.83%.

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.