Avior Wealth Management LLC Buys 85 Shares of Valmont Industries, Inc. (NYSE:VMI)

Avior Wealth Management LLC grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 188.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 130 shares of the industrial products company’s stock after purchasing an additional 85 shares during the quarter. Avior Wealth Management LLC’s holdings in Valmont Industries were worth $31,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Valmont Industries by 2.1% during the first quarter. BlackRock Inc. now owns 2,092,948 shares of the industrial products company’s stock worth $668,237,000 after purchasing an additional 42,982 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Valmont Industries by 3.6% during the third quarter. Vanguard Group Inc. now owns 2,067,641 shares of the industrial products company’s stock worth $555,409,000 after acquiring an additional 71,967 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of Valmont Industries by 0.6% during the fourth quarter. Impax Asset Management Group plc now owns 802,356 shares of the industrial products company’s stock worth $187,358,000 after acquiring an additional 5,109 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Valmont Industries by 19.9% during the first quarter. JPMorgan Chase & Co. now owns 639,546 shares of the industrial products company’s stock worth $204,195,000 after acquiring an additional 106,268 shares during the period. Finally, State Street Corp boosted its holdings in shares of Valmont Industries by 1.9% during the first quarter. State Street Corp now owns 628,741 shares of the industrial products company’s stock worth $201,119,000 after acquiring an additional 11,847 shares during the period. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Up 1.7 %

Shares of NYSE:VMI opened at $213.20 on Monday. The company has a fifty day moving average of $219.16 and a 200-day moving average of $221.45. The company has a market capitalization of $4.31 billion, a PE ratio of 31.63 and a beta of 1.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.56 and a current ratio of 2.47. Valmont Industries, Inc. has a 52-week low of $188.63 and a 52-week high of $315.88.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned $3.46 earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, equities analysts predict that Valmont Industries, Inc. will post 14.9 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.60 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 annualized dividend and a dividend yield of 1.13%. Valmont Industries’s dividend payout ratio is 35.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VMI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $249.00 price target on shares of Valmont Industries in a research report on Monday, March 25th. StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. Finally, DA Davidson lowered their price objective on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and an average target price of $262.00.

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.