Bayforest Capital Ltd Acquires 1,070 Shares of Valmont Industries, Inc. (NYSE:VMI)

Bayforest Capital Ltd lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 123.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,936 shares of the industrial products company’s stock after acquiring an additional 1,070 shares during the period. Bayforest Capital Ltd’s holdings in Valmont Industries were worth $552,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMI. Aster Capital Management DIFC Ltd lifted its holdings in shares of Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 123 shares during the period. Quarry LP lifted its holdings in shares of 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 lifted its holdings in shares of 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. Signaturefd LLC lifted its holdings in shares of Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 52 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of Valmont Industries during the 1st quarter worth about $90,000. 87.84% of the stock is owned by institutional investors.

Valmont Industries Trading Up 0.3%

VMI opened at $364.09 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $7.31 billion, a PE ratio of 33.90 and a beta of 1.12. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22. The firm has a 50-day moving average price of $331.64 and a two-hundred day moving average price of $320.16.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.78 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.91 EPS. As a group, equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries’s dividend payout ratio is 25.33%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VMI. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. DA Davidson lifted their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, William Blair raised shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd.

About Valmont Industries

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.