First Horizon Advisors Inc. Purchases 50 Shares of Valmont Industries, Inc. (NYSE:VMI)

First Horizon Advisors Inc. boosted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 17.9% in the 4th quarter, HoldingsChannel reports. The firm owned 329 shares of the industrial products company’s stock after buying an additional 50 shares during the period. First Horizon Advisors Inc.’s holdings in Valmont Industries were worth $101,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Valmont Industries during the 3rd quarter valued at about $35,000. Point72 Asset Management L.P. bought a new position in Valmont Industries during the 3rd quarter valued at about $58,000. Avior Wealth Management LLC raised its stake in shares of Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 56 shares during the last quarter. Signaturefd LLC raised its stake in shares of Valmont Industries by 35.4% in the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 56 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new position in shares of Valmont Industries in the third quarter worth about $66,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VMI. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

Valmont Industries Trading Up 0.2 %

VMI opened at $348.26 on Thursday. 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 has a market cap of $6.98 billion, a price-to-earnings ratio of 20.27 and a beta of 1.05. The firm has a 50 day simple moving average of $325.50 and a 200 day simple moving average of $313.84. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period in the previous year, the firm posted $3.18 earnings per share. On average, sell-side analysts anticipate 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. Investors of record on Friday, March 28th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.78%. 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. Valmont Industries’s payout ratio is 15.83%.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were 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 owns 131,730 shares in the company, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.