Williamson Legacy Group LLC Increases Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Williamson Legacy Group LLC lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,600 shares of the industrial products company’s stock after buying an additional 156 shares during the period. Williamson Legacy Group LLC’s holdings in Valmont Industries were worth $797,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Foundry Partners LLC purchased a new position in Valmont Industries in the third quarter worth $4,158,000. Covea Finance boosted its position in Valmont Industries by 29.9% in the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after purchasing an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Valmont Industries in the third quarter worth $466,000. De Lisle Partners LLP boosted its position in Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Valmont Industries by 12.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock worth $60,497,000 after purchasing an additional 23,765 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VMI. DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. Stifel Nicolaus boosted their price objective on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

Valmont Industries Stock Up 1.4 %

Shares of NYSE VMI opened at $347.48 on Friday. 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 current ratio of 2.07 and a quick ratio of 1.55. The business’s fifty day moving average price is $327.03 and its 200-day moving average price is $314.52. The stock has a market capitalization of $6.96 billion, a PE ratio of 20.23 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is currently 15.83%.

Insider Activity

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares in the company, valued at $45,963,231.60. This represents a 13.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

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.