Foundry Partners LLC increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,909 shares of the industrial products company's stock after purchasing an additional 2,570 shares during the quarter. Foundry Partners LLC owned approximately 0.08% of Valmont Industries worth $5,185,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new position in Valmont Industries during the third quarter valued at approximately $35,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $58,000. Avior Wealth Management LLC lifted 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 boosted its holdings in Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Valmont Industries by 83.4% in the fourth 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. 87.84% of the stock is owned by hedge funds and other institutional investors.
Valmont Industries Price Performance
Shares of NYSE VMI traded down $11.37 during mid-day trading on Thursday, hitting $273.60. 38,824 shares of the stock were exchanged, compared to its average volume of 148,646. The company has a market cap of $5.49 billion, a P/E ratio of 16.02 and a beta of 1.07. 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 twelve month low of $202.01 and a twelve month high of $379.22. The stock's fifty day simple moving average is $317.98 and its two-hundred day simple moving average is $319.78.
Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping analysts' consensus estimates of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. As a group, analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a dividend of $0.68 per share. This is a boost from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 0.99%. Valmont Industries's payout ratio is presently 15.83%.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on VMI shares. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th. William Blair downgraded Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st. Finally, Stifel Nicolaus lifted 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.
Read Our Latest Stock Analysis on VMI
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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