IFP Advisors Inc Has $117,000 Holdings in Valmont Industries, Inc. (NYSE:VMI)

IFP Advisors Inc increased its holdings in Valmont Industries, Inc. (NYSE:VMI) by 804.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 407 shares of the industrial products company’s stock after acquiring an additional 362 shares during the period. IFP Advisors Inc’s holdings in Valmont Industries were worth $117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd increased its stake in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after buying an additional 123 shares during the last quarter. Quarry LP increased its stake in Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company’s stock valued at $62,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC increased its stake in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock valued at $64,000 after buying an additional 102 shares during the last quarter. Signaturefd LLC increased its stake in Valmont Industries by 23.9% in the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock valued at $77,000 after buying an additional 52 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in 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 last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Up 1.4%

VMI opened at $362.91 on Wednesday. The company has a 50 day moving average of $330.62 and a 200 day moving average of $319.86. The company has a market cap of $7.28 billion, a PE ratio of 33.79 and a beta of 1.12. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $379.22. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, topping the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. Valmont Industries’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $4.91 EPS. On average, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, September 26th. Valmont Industries’s dividend payout ratio is presently 25.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VMI. DA Davidson increased their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus increased their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, William Blair raised 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.