Cwm LLC Purchases 46,970 Shares of Valmont Industries, Inc. (NYSE:VMI)

Cwm LLC increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 40,145.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,087 shares of the industrial products company’s stock after purchasing an additional 46,970 shares during the period. Cwm LLC owned about 0.23% of Valmont Industries worth $10,995,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VMI. Signaturefd LLC raised its position in Valmont Industries by 37.3% in the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 56 shares during the last quarter. Avior Wealth Management LLC increased its position in 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 acquiring an additional 85 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Valmont Industries in the fourth quarter worth about $1,378,000. Impax Asset Management Group plc increased its holdings in shares of Valmont Industries by 0.6% in the fourth quarter. Impax Asset Management Group plc now owns 802,356 shares of the industrial products company’s stock valued at $187,358,000 after purchasing an additional 5,109 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Valmont Industries during the 4th quarter worth $22,332,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Valmont Industries Price Performance

NYSE:VMI opened at $211.70 on Tuesday. The stock’s 50-day simple moving average is $218.63 and its 200 day simple moving average is $221.30. Valmont Industries, Inc. has a 52-week low of $188.63 and a 52-week high of $306.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.56 and a current ratio of 2.47. The company has a market cap of $4.28 billion, a P/E ratio of 31.41 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.04 billion. Valmont Industries had a return on equity of 20.69% and a net margin of 3.44%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.46 EPS. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 14.9 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.40 annualized dividend and a dividend yield of 1.13%. Valmont Industries’s dividend payout ratio is presently 35.61%.

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.