Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC increased its position in Valmont Industries, Inc. (NYSE:VMI) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,602 shares of the industrial products company’s stock after acquiring an additional 922 shares during the period. Aquatic Capital Management LLC’s holdings in Valmont Industries were worth $2,025,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its holdings in 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 valued at $59,000 after buying an additional 123 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 56 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 36 shares during the period. Venturi Wealth Management LLC raised its position in shares of Valmont Industries by 83.4% in the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock worth $95,000 after buying an additional 141 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of Valmont Industries by 17.9% in the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company’s stock worth $101,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. Stifel Nicolaus raised their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. William Blair raised Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. Finally, DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a report on Wednesday, February 19th.

Valmont Industries Stock Performance

Shares of VMI opened at $293.20 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 17.07 and a beta of 1.07. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22. The business’s 50 day moving average is $305.19 and its two-hundred day moving average is $319.34.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.08. The business had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. Analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.93%. Valmont Industries’s dividend payout ratio is presently 15.83%.

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.