SageView Advisory Group LLC Purchases New Stake in Valmont Industries, Inc. (NYSE:VMI)

SageView Advisory Group LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 38,445 shares of the industrial products company’s stock, valued at approximately $8,776,000.

Several other institutional investors also recently added to or reduced their stakes in VMI. Sound Income Strategies LLC bought a new position in Valmont Industries during the fourth quarter valued at about $29,000. Avior Wealth Management LLC boosted its position in Valmont Industries by 188.9% during the fourth quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 85 shares during the period. SRS Capital Advisors Inc. boosted its position in Valmont Industries by 633.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 114 shares during the period. AdvisorNet Financial Inc bought a new position in Valmont Industries during the fourth quarter worth about $44,000. Finally, Signaturefd LLC boosted its position in Valmont Industries by 37.3% during the fourth quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 56 shares during the period. Institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Thursday. Stifel Nicolaus increased their target price on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $300.00.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $3.01 on Thursday, reaching $283.83. The stock had a trading volume of 143,558 shares, compared to its average volume of 179,172. Valmont Industries, Inc. has a 1 year low of $188.63 and a 1 year high of $290.15. The company has a market cap of $5.73 billion, a P/E ratio of 37.63 and a beta of 1.03. The company has a current ratio of 2.64, a quick ratio of 1.65 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $264.08 and its two-hundred day moving average is $237.62.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.08. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. The firm had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. During the same period in the prior year, the firm posted $3.54 earnings per share. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, research analysts anticipate that Valmont Industries, Inc. will post 15.94 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, June 28th. Valmont Industries’s payout ratio is 31.62%.

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.