Entropy Technologies LP Grows Position in Valmont Industries, Inc. $VMI

Entropy Technologies LP lifted its position in Valmont Industries, Inc. (NYSE:VMI) by 94.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,368 shares of the industrial products company’s stock after purchasing an additional 5,048 shares during the period. Entropy Technologies LP’s holdings in Valmont Industries were worth $4,143,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VMI. Elyxium Wealth LLC bought a new stake in Valmont Industries during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Valmont Industries in the fourth quarter valued at about $27,000. Leonteq Securities AG purchased a new position in shares of Valmont Industries in the fourth quarter valued at about $30,000. State of Wyoming bought a new position in shares of Valmont Industries during the fourth quarter valued at about $34,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Valmont Industries during the first quarter valued at about $37,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Trading Down 0.5%

Shares of VMI opened at $486.07 on Friday. Valmont Industries, Inc. has a 1-year low of $353.41 and a 1-year high of $585.71. The company has a current ratio of 2.35, a quick ratio of 1.59 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $538.15 and its 200-day moving average price is $478.27. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.11 and a beta of 1.33.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.34. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. Valmont Industries’s revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Valmont Industries, Inc. will post 22.96 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is 11.99%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Stifel Nicolaus boosted their target price on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, Zacks Research downgraded Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.00.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.