Valmont Industries, Inc. (NYSE:VMI) Shares Bought by Aristides Capital LLC

Aristides Capital LLC lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 25.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 951 shares of the industrial products company’s stock after acquiring an additional 190 shares during the period. Aristides Capital LLC’s holdings in Valmont Industries were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in Valmont Industries by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock valued at $1,211,000 after buying an additional 34 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Valmont Industries by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock worth $472,000 after acquiring an additional 35 shares in the last quarter. Parkside Financial Bank & Trust increased its stake 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 purchasing an additional 36 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Valmont Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock valued at $1,795,000 after purchasing an additional 38 shares in the last quarter. Finally, Diametric Capital LP raised its holdings in Valmont Industries by 2.2% in the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company’s stock worth $546,000 after purchasing an additional 39 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 4.5 %

NYSE VMI opened at $265.58 on Monday. The business has a fifty day moving average price of $323.80 and a 200 day moving average price of $320.71. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The company has a market cap of $5.33 billion, a P/E ratio of 15.46 and a beta of 1.07. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22.

Valmont Industries (NYSE:VMI) last issued its 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. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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 prior year, the business earned $3.18 earnings per share. Research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s payout ratio is currently 15.83%.

Wall Street Analysts Forecast Growth

VMI has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a report on Wednesday, February 19th. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th. Finally, William Blair lowered shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, March 21st.

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.