K.J. Harrison & Partners Inc Acquires Shares of 1,000 Valmont Industries, Inc. (NYSE:VMI)

K.J. Harrison & Partners Inc acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the industrial products company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AE Wealth Management LLC purchased a new position in shares of Valmont Industries during the 3rd quarter worth $221,000. SG Americas Securities LLC raised its holdings in shares of Valmont Industries by 975.5% during the 3rd quarter. SG Americas Securities LLC now owns 5,313 shares of the industrial products company’s stock worth $1,276,000 after acquiring an additional 4,819 shares during the period. Ellsworth Advisors LLC raised its holdings in shares of Valmont Industries by 7.3% during the 3rd quarter. Ellsworth Advisors LLC now owns 14,752 shares of the industrial products company’s stock worth $3,506,000 after acquiring an additional 1,005 shares during the period. Copeland Capital Management LLC purchased a new position in shares of Valmont Industries during the 3rd quarter worth $51,814,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Valmont Industries by 10.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,347 shares of the industrial products company’s stock valued at $564,000 after buying an additional 226 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

NYSE VMI opened at $209.99 on Friday. The company has a market cap of $4.25 billion, a P/E ratio of 31.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.47 and a quick ratio of 1.56. The stock has a 50-day moving average of $217.08 and a two-hundred day moving average of $220.68. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $303.57.

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

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, March 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 35.61%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMI. Stifel Nicolaus restated a “buy” rating and issued a $249.00 price objective on shares of Valmont Industries in a report on Monday, March 25th. DA Davidson reduced their price objective on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Finally, StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. One research 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, the company has an average rating of “Moderate Buy” and a consensus target price 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.