Bryce Point Capital LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,801 shares of the industrial products company's stock, valued at approximately $552,000.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Valmont Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock valued at $610,531,000 after purchasing an additional 6,967 shares during the period. State Street Corp raised its stake in shares of Valmont Industries by 1.1% during the third quarter. State Street Corp now owns 640,876 shares of the industrial products company's stock worth $186,204,000 after buying an additional 6,913 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after buying an additional 94,884 shares during the period. FMR LLC boosted its stake in Valmont Industries by 4.0% in the third quarter. FMR LLC now owns 349,426 shares of the industrial products company's stock valued at $101,316,000 after acquiring an additional 13,509 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Valmont Industries by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company's stock worth $97,428,000 after acquiring an additional 4,940 shares during the period. Institutional investors own 87.84% of the company's stock.
Valmont Industries Stock Up 4.3 %
VMI traded up $11.45 during trading on Tuesday, reaching $275.31. The company had a trading volume of 50,002 shares, compared to its average volume of 148,187. The business's fifty day moving average price is $322.49 and its 200 day moving average price is $320.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22. The company has a market cap of $5.53 billion, a P/E ratio of 16.04 and a beta of 1.07.
Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.21. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same period in the prior year, the firm earned $3.18 earnings per share. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries's payout ratio is presently 15.83%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on VMI. StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Stifel Nicolaus boosted their target price on Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th. Finally, William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st.
Get Our Latest Stock Report on Valmont Industries
About Valmont Industries
(
Free Report)
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.
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