SRS Capital Advisors Inc. Grows Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

SRS Capital Advisors Inc. grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 633.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132 shares of the industrial products company’s stock after purchasing an additional 114 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Valmont Industries were worth $31,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC acquired a new stake in shares of Valmont Industries during the 4th quarter worth $29,000. Avior Wealth Management LLC increased its stake in Valmont Industries by 188.9% during the fourth quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 85 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Valmont Industries by 360.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 138 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 108 shares during the period. AdvisorNet Financial Inc acquired a new position in shares of Valmont Industries in the 4th quarter valued at about $44,000. Finally, Signaturefd LLC grew its holdings in shares of Valmont Industries by 37.3% during the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VMI shares. DA Davidson decreased their price objective 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. StockNews.com upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $249.00 price objective on shares of Valmont Industries in a research note on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $262.00.

Valmont Industries Stock Performance

NYSE:VMI opened at $246.21 on Monday. The firm has a 50-day moving average of $216.97 and a two-hundred day moving average of $220.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65. The stock has a market cap of $4.98 billion, a P/E ratio of 32.44 and a beta of 1.05. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $303.57.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.08. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The firm had revenue of $977.83 million during the quarter, compared to analyst estimates of $986.98 million. During the same quarter last year, the firm earned $3.54 EPS. Valmont Industries’s quarterly revenue was down 8.0% on a year-over-year basis. On average, research analysts expect that Valmont Industries, Inc. will post 15.9 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.97%. Valmont Industries’s dividend payout ratio (DPR) is 31.62%.

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.