Boston Partners Acquires 17,935 Shares of Valmont Industries, Inc. (NYSE:VMI)

Boston Partners raised its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 16.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 125,878 shares of the industrial products company's stock after buying an additional 17,935 shares during the period. Boston Partners owned about 0.63% of Valmont Industries worth $39,153,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Valmont Industries in the third quarter valued at about $35,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries in the 3rd quarter valued at about $58,000. Avior Wealth Management LLC boosted its stake in shares of Valmont Industries by 35.9% in the 4th 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 during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after buying an additional 36 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Valmont Industries by 12.5% during the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company's stock worth $81,000 after buying an additional 31 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of recent research reports. William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday. Stifel Nicolaus raised their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 19th. Finally, DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price on the stock. in a research note on Wednesday, February 19th.

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Valmont Industries Trading Up 4.8 %

NYSE:VMI traded up $13.58 during trading hours on Monday, hitting $299.08. The stock had a trading volume of 328,703 shares, compared to its average volume of 140,780. The business's 50 day moving average is $332.20 and its 200-day moving average is $319.40. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 17.41 and a beta of 0.98. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. 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 (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating analysts' consensus estimates of $3.63 by $0.21. The business 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 prior year, the company earned $3.18 EPS. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a $0.68 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.91%. Valmont Industries's payout ratio is currently 15.83%.

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.