Allen Mooney & Barnes Investment Advisors LLC Has $812,000 Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Allen Mooney & Barnes Investment Advisors LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 9.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,844 shares of the industrial products company’s stock after acquiring an additional 245 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Valmont Industries were worth $812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Valmont Industries during the 4th quarter worth approximately $67,822,000. Franklin Resources Inc. boosted its holdings in Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock valued at $154,007,000 after acquiring an additional 94,884 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Valmont Industries by 51,911.3% during the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company’s stock worth $18,405,000 after buying an additional 64,370 shares during the period. US Bancorp DE raised its position in shares of Valmont Industries by 2,077.0% in the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock worth $18,026,000 after acquiring an additional 56,079 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Valmont Industries in the fourth quarter worth approximately $14,180,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Down 0.1%

Valmont Industries stock opened at $322.55 on Thursday. The business’s fifty day moving average is $302.42 and its 200 day moving average is $317.04. The stock has a market capitalization of $6.47 billion, a PE ratio of 18.77 and a beta of 1.13. 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 $250.07 and a one year high of $379.22.

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

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 0.84%. The ex-dividend date is Friday, June 27th. Valmont Industries’s dividend payout ratio is 15.83%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VMI. William Blair raised Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, May 31st. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd.

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.