Venturi Wealth Management LLC Acquires 141 Shares of Valmont Industries, Inc. (NYSE:VMI)

Venturi Wealth Management LLC grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 83.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 310 shares of the industrial products company’s stock after purchasing an additional 141 shares during the quarter. Venturi Wealth Management LLC’s holdings in Valmont Industries were worth $95,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $35,000. Point72 Asset Management L.P. bought a new stake in Valmont Industries in the third quarter worth $58,000. Avior Wealth Management LLC raised its stake in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Signaturefd LLC lifted its position in Valmont Industries by 35.4% during the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Valmont Industries in the 3rd quarter worth $66,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Valmont Industries stock opened at $349.17 on Monday. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The company’s 50-day moving average is $324.10 and its 200 day moving average is $312.69. The firm has a market capitalization of $6.99 billion, a P/E ratio of 20.32 and a beta of 1.05. 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 issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The firm 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 period last year, the company earned $3.18 EPS. Research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The business 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 $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.78%. 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 (DPR) is currently 13.97%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research report on Wednesday, February 19th. Stifel Nicolaus raised their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

Insider Buying and Selling

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the sale, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

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.