Personal CFO Solutions LLC Cuts Holdings in Valmont Industries, Inc. (NYSE:VMI)

Personal CFO Solutions LLC trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,580 shares of the industrial products company’s stock after selling 48 shares during the quarter. Personal CFO Solutions LLC’s holdings in Valmont Industries were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in Valmont Industries in the 3rd quarter worth $35,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries during the third quarter valued at about $58,000. Avior Wealth Management LLC grew its position in shares of Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Huntington National Bank grew its position in shares of Valmont Industries by 16.5% during the third quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 35 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 36 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Price Performance

Shares of VMI opened at $328.26 on Monday. The business’s 50-day moving average is $329.39 and its two-hundred day moving average is $316.76. The company has a market capitalization of $6.58 billion, a P/E ratio of 19.11 and a beta of 0.98. 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 fifty-two week low of $202.01 and a fifty-two week high of $379.22.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period in the prior year, the company posted $3.18 EPS. Research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a yield of 0.83%. Valmont Industries’s dividend payout ratio (DPR) is currently 15.83%.

Analysts Set New Price Targets

VMI has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a report on Wednesday, February 19th. Finally, StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

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.