Barclays PLC Acquires 4,054 Shares of Valmont Industries, Inc. (NYSE:VMI)

Barclays PLC boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 28.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,542 shares of the industrial products company's stock after purchasing an additional 4,054 shares during the quarter. Barclays PLC owned approximately 0.09% of Valmont Industries worth $5,686,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. raised its position in shares of Valmont Industries by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock worth $1,211,000 after purchasing an additional 34 shares during the period. PNC Financial Services Group Inc. lifted its stake in Valmont Industries by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock valued at $472,000 after purchasing an additional 35 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after buying an additional 36 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Valmont Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock valued at $1,795,000 after purchasing an additional 38 shares during the period. Finally, Diametric Capital LP increased its position in shares of Valmont Industries by 2.2% in the fourth quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock worth $546,000 after acquiring an additional 39 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Stifel Nicolaus lifted their price objective on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a report on Wednesday, February 19th. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Trading Up 0.7 %

Shares of VMI stock traded up $2.04 during trading hours on Tuesday, reaching $295.24. The company had a trading volume of 101,614 shares, compared to its average volume of 148,332. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 17.19 and a beta of 1.07. The company has a 50 day moving average of $305.19 and a 200 day moving average of $319.34. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.08. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's payout ratio is presently 15.83%.

Valmont Industries Company 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.