Federated Hermes Inc. Raises Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Federated Hermes Inc. boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 23.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,413 shares of the industrial products company’s stock after purchasing an additional 458 shares during the quarter. Federated Hermes Inc.’s holdings in Valmont Industries were worth $740,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd increased its holdings in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 123 shares during the period. Avior Wealth Management LLC increased its stake in Valmont Industries by 35.9% in the 4th 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. Parkside Financial Bank & Trust raised its holdings in shares of Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 36 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 141 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 50 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Performance

Valmont Industries stock opened at $280.57 on Thursday. The firm has a fifty day simple moving average of $313.39 and a two-hundred day simple moving average of $319.36. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The company has a market capitalization of $5.63 billion, a PE ratio of 16.33 and a beta of 1.07.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The company had revenue of $1.04 billion during 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 in the previous year, the company posted $3.18 EPS. Research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is 15.83%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus decreased their price target on shares of Valmont Industries from $425.00 to $343.00 and set a “buy” rating on the stock in a report on Monday. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th. StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. Finally, William Blair lowered Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, March 21st.

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.