Hillsdale Investment Management Inc. Has $799,000 Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Hillsdale Investment Management Inc. increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,605 shares of the industrial products company’s stock after acquiring an additional 100 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Valmont Industries were worth $799,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VMI. Victory Capital Management Inc. lifted its position in Valmont Industries by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 4,884 shares of the industrial products company’s stock valued at $1,416,000 after purchasing an additional 139 shares during the period. First Horizon Advisors Inc. lifted its holdings in Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after buying an additional 31 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Valmont Industries by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 271,604 shares of the industrial products company’s stock valued at $78,752,000 after acquiring an additional 3,501 shares during the last quarter. Algert Global LLC grew its holdings in Valmont Industries by 96.8% during the 3rd quarter. Algert Global LLC now owns 22,626 shares of the industrial products company’s stock worth $6,560,000 after acquiring an additional 11,130 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Valmont Industries during the 3rd quarter valued at $558,000. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VMI shares. DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their target price on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. William Blair cut Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th.

Valmont Industries Stock Performance

VMI stock opened at $285.69 on Monday. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The business’s 50-day moving average price is $332.20 and its two-hundred day moving average price is $319.40. The firm has a market cap of $5.73 billion, a PE ratio of 16.63 and a beta of 0.98. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.21. The business 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 in the previous year, the firm earned $3.18 EPS. As a group, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

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.