Canada Pension Plan Investment Board Acquires 6,200 Shares of Valmont Industries, Inc. (NYSE:VMI)

Canada Pension Plan Investment Board increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 86.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,400 shares of the industrial products company's stock after acquiring an additional 6,200 shares during the quarter. Canada Pension Plan Investment Board owned about 0.07% of Valmont Industries worth $4,109,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd raised its position in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares during the last quarter. Avior Wealth Management LLC raised its holdings in 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 acquiring an additional 56 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after acquiring an additional 36 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after purchasing an additional 141 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 50 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Up 3.3 %

Shares of NYSE:VMI opened at $278.53 on Wednesday. The company's fifty day moving average is $309.48 and its 200-day moving average is $319.22. 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, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. The company has a market capitalization of $5.59 billion, a PE ratio of 16.21 and a beta of 1.07.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. The firm had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. Equities research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were given a $0.68 dividend. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date was Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.98%. Valmont Industries's payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

VMI has been the subject of several research reports. William Blair cut Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st. Stifel Nicolaus decreased their target price on shares of Valmont Industries from $425.00 to $343.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Finally, DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th.

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.

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