Avalon Trust Co Has $9.42 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Avalon Trust Co lowered its stake in Valmont Industries, Inc. (NYSE:VMI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,350 shares of the industrial products company’s stock after selling 340 shares during the quarter. Avalon Trust Co’s holdings in Valmont Industries were worth $9,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Treasurer of the State of North Carolina boosted its stake in Valmont Industries by 0.6% in the 3rd quarter. Treasurer of the State of North Carolina now owns 9,110 shares of the industrial products company’s stock worth $2,188,000 after purchasing an additional 50 shares during the period. Signaturefd LLC increased its holdings in shares of Valmont Industries by 37.3% in the 4th 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. D.B. Root & Company LLC boosted its holdings in shares of Valmont Industries by 1.6% during the fourth quarter. D.B. Root & Company LLC now owns 3,795 shares of the industrial products company’s stock worth $886,000 after purchasing an additional 58 shares during the period. Alliance Wealth Advisors LLC UT increased its stake in Valmont Industries by 3.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 1,889 shares of the industrial products company’s stock valued at $441,000 after buying an additional 68 shares during the period. Finally, Fifth Third Bancorp lifted its position in Valmont Industries by 19.5% in the 4th quarter. Fifth Third Bancorp now owns 454 shares of the industrial products company’s stock worth $106,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Up 0.7 %

Valmont Industries stock traded up $1.64 during mid-day trading on Friday, hitting $246.21. 244,961 shares of the company’s stock were exchanged, compared to its average volume of 201,397. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $303.57. The stock has a 50 day moving average of $216.97 and a two-hundred day moving average of $220.37. The stock has a market cap of $4.98 billion, a P/E ratio of 32.44 and a beta of 1.05. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 0.79.

Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $3.24 by $1.08. The firm had revenue of $977.83 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $3.54 EPS. As a group, analysts anticipate that Valmont Industries, Inc. will post 15.9 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.60 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.97%. Valmont Industries’s payout ratio is presently 31.62%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VMI. Stifel Nicolaus reissued a “buy” rating and set a $249.00 price objective on shares of Valmont Industries in a research report on Monday, March 25th. DA Davidson lowered their price target on Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Finally, StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Valmont Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.00.

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.