Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,075 shares of the industrial products company’s stock after selling 1,398 shares during the quarter. Orion Portfolio Solutions LLC owned 0.23% of Valmont Industries worth $14,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sunbelt Securities Inc. purchased a new position in shares of Valmont Industries during the third quarter worth $35,000. Point72 Asset Management L.P. purchased a new position in Valmont Industries during the 3rd quarter valued at about $58,000. Avior Wealth Management LLC grew its position in Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. Parkside Financial Bank & Trust increased its stake 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 lifted its position in shares of Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 141 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 3.1 %

Shares of Valmont Industries stock opened at $289.99 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. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22. The company has a market capitalization of $5.82 billion, a P/E ratio of 16.88 and a beta of 0.98. The company has a 50 day moving average of $329.60 and a 200 day moving average of $319.75.

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

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Friday, March 28th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is 15.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VMI. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. William Blair downgraded 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 on the stock. in a research note on Wednesday, February 19th. Finally, StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Valmont Industries Company 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.