Snowden Capital Advisors LLC Increases Holdings in Valmont Industries, Inc. (NYSE:VMI)

Snowden Capital Advisors LLC raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,947 shares of the industrial products company’s stock after buying an additional 69 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Valmont Industries were worth $598,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Sherbrooke Park Advisers LLC raised its stake in shares of Valmont Industries by 215.2% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,481 shares of the industrial products company’s stock worth $761,000 after purchasing an additional 1,694 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Valmont Industries in the fourth quarter worth $411,000. Raiffeisen Bank International AG purchased a new position in shares of Valmont Industries in the fourth quarter worth $7,635,000. Point72 Asset Management L.P. raised its stake in shares of Valmont Industries by 4,627.0% in the fourth quarter. Point72 Asset Management L.P. now owns 9,454 shares of the industrial products company’s stock worth $2,899,000 after purchasing an additional 9,254 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its stake in shares of Valmont Industries by 117.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 3,460 shares of the industrial products company’s stock worth $1,061,000 after purchasing an additional 1,867 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI opened at $319.98 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a one year low of $244.83 and a one year high of $379.22. The firm has a market capitalization of $6.42 billion, a P/E ratio of 18.63 and a beta of 1.10. The business has a fifty day moving average of $296.78 and a 200 day moving average of $319.15.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. As a group, sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries’s payout ratio is currently 15.83%.

Wall Street Analyst Weigh In

VMI has been the subject of several recent analyst reports. William Blair upgraded Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus boosted their price target on Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th. Finally, StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th.

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.