Orion Portfolio Solutions LLC Trims Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Orion Portfolio Solutions LLC decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,075 shares of the industrial products company’s stock after selling 1,398 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Valmont Industries were worth $14,130,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pictet Asset Management Holding SA grew its holdings in shares of Valmont Industries by 11.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,100 shares of the industrial products company’s stock worth $951,000 after buying an additional 314 shares during the last quarter. Norges Bank purchased a new stake in shares of Valmont Industries in the fourth quarter valued at about $67,822,000. Morey & Quinn Wealth Partners LLC acquired a new position in shares of Valmont Industries during the fourth quarter worth about $251,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Valmont Industries by 161.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,616 shares of the industrial products company’s stock worth $2,336,000 after purchasing an additional 4,704 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in Valmont Industries by 0.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company’s stock valued at $88,910,000 after purchasing an additional 1,289 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

NYSE VMI opened at $289.99 on Friday. The business has a 50 day moving average price of $329.60 and a 200 day moving average price of $319.75. The company has a market capitalization of $5.82 billion, a P/E ratio of 16.88 and a beta of 0.98. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-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.

Valmont Industries (NYSE:VMI) last announced its quarterly 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. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $3.18 earnings per share. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is 15.83%.

Wall Street Analyst Weigh In

VMI has been the subject of a number of analyst reports. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. William Blair downgraded Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus raised their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th.

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.