Aristides Capital LLC Purchases 190 Shares of Valmont Industries, Inc. (NYSE:VMI)

Aristides Capital LLC boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 951 shares of the industrial products company’s stock after acquiring an additional 190 shares during the period. Aristides Capital LLC’s holdings in Valmont Industries were worth $292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in VMI. Vanguard Group Inc. increased its holdings in Valmont Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company’s stock valued at $610,531,000 after buying an additional 6,967 shares during the period. State Street Corp increased its holdings in shares of Valmont Industries by 1.1% in the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after acquiring an additional 6,913 shares during the period. Franklin Resources Inc. raised its position in shares of Valmont Industries by 23.3% in the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock worth $154,007,000 after acquiring an additional 94,884 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Valmont Industries by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock worth $97,428,000 after purchasing an additional 4,940 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Valmont Industries by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock valued at $84,927,000 after purchasing an additional 24,224 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stifel Nicolaus increased their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. William Blair downgraded Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st. StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. Finally, DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research report on Wednesday, February 19th.

Valmont Industries Trading Down 4.5 %

NYSE VMI opened at $265.58 on Monday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. The company has a fifty day simple moving average of $323.80 and a two-hundred day simple moving average of $320.71. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The stock has a market cap of $5.33 billion, a P/E ratio of 15.46 and a beta of 1.07.

Valmont Industries (NYSE:VMI) last issued its quarterly 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. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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 firm posted $3.18 EPS. On average, analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a yield of 1.02%. Valmont Industries’s dividend payout ratio (DPR) is currently 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.