Virtu Financial LLC Invests $335,000 in Valmont Industries, Inc. (NYSE:VMI)

Virtu Financial LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,092 shares of the industrial products company’s stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $35,000. Point72 Asset Management L.P. bought a new stake in Valmont Industries in the 3rd quarter valued at $58,000. Avior Wealth Management LLC lifted its holdings in Valmont Industries by 35.9% during the 4th 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 during the last quarter. Parkside Financial Bank & Trust boosted its position in Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 36 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VMI. William Blair cut shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, March 21st. 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 report on Wednesday, February 19th. Stifel Nicolaus increased their target price on Valmont Industries from $387.00 to $425.00 and gave the stock 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 note on Wednesday, March 19th.

Valmont Industries Price Performance

Shares of Valmont Industries stock opened at $299.39 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 17.43 and a beta of 0.98. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The company has a 50-day simple moving average of $330.54 and a two-hundred day simple moving average of $319.59.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate 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 previous year, the business earned $3.18 earnings per share. Analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current 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 positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Friday, March 28th. Valmont Industries’s dividend payout ratio is 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.