Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 536 Valmont Industries, Inc. (NYSE:VMI)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 536 shares of the industrial products company’s stock, valued at approximately $122,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in shares of Valmont Industries by 188.9% during the 4th 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 last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Valmont Industries by 633.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. AdvisorNet Financial Inc bought a new position in shares of Valmont Industries in the 4th quarter valued at about $44,000. Signaturefd LLC lifted 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 acquiring an additional 56 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Valmont Industries in the 4th quarter valued at about $57,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $302.51 on Friday. The firm has a market cap of $6.11 billion, a PE ratio of 39.86 and a beta of 1.03. The firm’s 50 day simple moving average is $267.66 and its 200-day simple moving average is $240.23. Valmont Industries, Inc. has a one year low of $188.63 and a one year high of $307.67. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.65 and a current ratio of 2.53.

Valmont Industries (NYSE:VMI) last issued its 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 for the quarter, compared to analyst estimates of $986.98 million. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $3.54 earnings per share. As a group, equities analysts predict that Valmont Industries, Inc. will post 16.9 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, June 28th. Valmont Industries’s dividend payout ratio is currently 31.62%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. DA Davidson raised their price objective on shares of Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $332.50.

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.