Envestnet Asset Management Inc. Has $15.54 Million Stake in Valmont Industries, Inc. (NYSE:VMI)

Envestnet Asset Management Inc. reduced its holdings in Valmont Industries, Inc. (NYSE:VMI) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,467 shares of the industrial products company’s stock after selling 333 shares during the quarter. Envestnet Asset Management Inc. owned about 0.27% of Valmont Industries worth $15,543,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd lifted its stake in Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 123 shares during the period. Quarry LP grew its holdings in Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 162 shares during the period. GAMMA Investing LLC grew its holdings in Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 102 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Valmont Industries by 19.1% in the 1st quarter. First Horizon Advisors Inc. now owns 392 shares of the industrial products company’s stock valued at $112,000 after buying an additional 63 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Valmont Industries in the 4th quarter valued at $161,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Price Performance

VMI stock opened at $336.67 on Friday. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22. The company has a fifty day moving average price of $325.38 and a 200-day moving average price of $317.24. The company has a market capitalization of $6.76 billion, a P/E ratio of 19.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.08. The business had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. As a group, equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, June 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

Analyst Ratings Changes

Several equities research analysts have commented on VMI shares. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 31st. Finally, William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd.

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.