Avalon Trust Co Lowers Holdings in Valmont Industries, Inc. (NYSE:VMI)

Avalon Trust Co decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,350 shares of the industrial products company’s stock after selling 340 shares during the quarter. Avalon Trust Co owned 0.19% of Valmont Industries worth $9,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VMI. Sound Income Strategies LLC purchased a new position in shares of Valmont Industries during the 4th quarter worth $29,000. Avior Wealth Management LLC lifted its stake in shares of Valmont Industries by 188.9% in the 4th quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 85 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Valmont Industries by 633.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock worth $31,000 after buying an additional 114 shares during the period. First Horizon Advisors Inc. raised its position in Valmont Industries by 360.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 138 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 108 shares during the period. Finally, AdvisorNet Financial Inc purchased a new position in Valmont Industries during the 4th quarter valued at $44,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 0.7 %

Shares of NYSE VMI traded up $1.64 during midday trading on Friday, reaching $246.21. 244,961 shares of the stock were exchanged, compared to its average volume of 201,397. The company has a 50 day simple moving average of $216.97 and a 200 day simple moving average of $220.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.56 and a current ratio of 2.64. The stock has a market capitalization of $4.98 billion, a P/E ratio of 32.44 and a beta of 1.05. Valmont Industries, Inc. has a twelve month low of $188.63 and a twelve month high of $303.57.

Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.08. The firm had revenue of $977.83 million for the quarter, compared to analyst estimates of $986.98 million. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. Valmont Industries’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.54 EPS. As a group, equities analysts expect that Valmont Industries, Inc. will post 15.9 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, March 27th. Valmont Industries’s payout ratio is 31.62%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $249.00 target price on shares of Valmont Industries in a research report on Monday, March 25th. DA Davidson cut their target price on Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th. Finally, StockNews.com upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Valmont Industries presently has an average rating of “Moderate Buy” and an average price target of $262.00.

Valmont Industries 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.