Williamson Legacy Group LLC Buys 156 Shares of Valmont Industries, Inc. (NYSE:VMI)

Williamson Legacy Group LLC lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,600 shares of the industrial products company’s stock after acquiring an additional 156 shares during the quarter. Williamson Legacy Group LLC’s holdings in Valmont Industries were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in VMI. Sunbelt Securities Inc. bought a new position in shares of Valmont Industries during the third quarter worth about $35,000. Point72 Asset Management L.P. bought a new stake in Valmont Industries in the third quarter worth approximately $58,000. Avior Wealth Management LLC increased its holdings in Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 56 shares in the last quarter. Hanseatic Management Services Inc. bought a new stake in Valmont Industries in the third quarter worth approximately $66,000. Finally, Huntington National Bank increased its holdings in Valmont Industries by 16.5% in the third quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 35 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VMI shares. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their target price on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th.

Valmont Industries Trading Up 1.4 %

NYSE VMI opened at $347.48 on Friday. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 20.23 and a beta of 1.05. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. The business has a 50 day moving average price of $327.03 and a 200-day moving average price of $314.52. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the previous year, the company posted $3.18 earnings per share. As a group, equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently disclosed 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 an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 0.78%. Valmont Industries’s payout ratio is currently 15.83%.

Insider Activity

In related news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction that occurred 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 transaction, the director now owns 131,730 shares of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

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.