Colonial River Investments LLC Has $447,000 Holdings in Valmont Industries, Inc. (NYSE:VMI)

Colonial River Investments LLC raised its stake in Valmont Industries, Inc. (NYSE:VMI) by 7.5% in the 4th quarter, HoldingsChannel reports. The fund owned 1,456 shares of the industrial products company’s stock after buying an additional 101 shares during the quarter. Colonial River Investments LLC’s holdings in Valmont Industries were worth $447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $35,000. Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $58,000. Signaturefd LLC grew its position in shares of Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock worth $62,000 after buying an additional 56 shares during the period. Avior Wealth Management LLC grew its position in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after buying an additional 56 shares during the period. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Down 3.8 %

Shares of NYSE VMI opened at $349.17 on Monday. The stock has a market cap of $6.99 billion, a P/E ratio of 20.32 and a beta of 1.05. The firm has a 50 day moving average price of $324.10 and a 200 day moving average price of $312.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the previous year, the company earned $3.18 earnings per share. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 0.78%. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s payout ratio is currently 13.97%.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VMI shares. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.