Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,673 shares of the industrial products company’s stock after acquiring an additional 2,909 shares during the quarter. Congress Wealth Management LLC DE owned 0.14% of Valmont Industries worth $6,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. Sound Income Strategies LLC purchased a new position in Valmont Industries in the fourth quarter valued at about $29,000. Avior Wealth Management LLC raised its position in Valmont Industries by 188.9% in the fourth 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 period. SRS Capital Advisors Inc. raised its position in Valmont Industries by 633.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 114 shares during the period. AdvisorNet Financial Inc purchased a new position in Valmont Industries in the fourth quarter valued at about $44,000. Finally, Signaturefd LLC raised its position in Valmont Industries by 37.3% in the fourth 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 period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

VMI has been the topic of several research reports. Stifel Nicolaus reissued 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 lowered Valmont Industries from a “buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $262.00.

Valmont Industries Stock Down 2.3 %

Shares of NYSE VMI traded down $6.41 during midday trading on Monday, reaching $268.04. 198,760 shares of the company’s stock were exchanged, compared to its average volume of 183,061. Valmont Industries, Inc. has a 52-week low of $188.63 and a 52-week high of $293.63. The stock has a market capitalization of $5.41 billion, a PE ratio of 35.31 and a beta of 1.03. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.65 and a current ratio of 2.64. The business’s fifty day moving average price is $253.24 and its two-hundred day moving average price is $234.30.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $1.08. The business had revenue of $977.83 million during the quarter, compared to the consensus estimate of $986.98 million. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the firm earned $3.54 earnings per share. Analysts forecast that Valmont Industries, Inc. will post 15.94 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 0.90%. Valmont Industries’s dividend payout ratio (DPR) is 31.62%.

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.