Ieq Capital LLC Purchases New Holdings in Valmont Industries, Inc. (NYSE:VMI)

Ieq Capital LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 742 shares of the industrial products company's stock, valued at approximately $228,000.

Other large investors have also added to or reduced their stakes in the company. Foundry Partners LLC purchased a new stake in Valmont Industries during the third quarter valued at $4,158,000. Covea Finance increased its holdings in shares of Valmont Industries by 29.9% in the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock worth $4,661,000 after buying an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Valmont Industries during the 3rd quarter valued at about $466,000. De Lisle Partners LLP lifted its holdings in shares of Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock valued at $5,454,000 after acquiring an additional 5,800 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Valmont Industries by 12.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company's stock worth $60,497,000 after acquiring an additional 23,765 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Trading Up 0.4 %

VMI traded up $1.36 during mid-day trading on Tuesday, hitting $336.26. 66,844 shares of the stock were exchanged, compared to its average volume of 125,428. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The firm's fifty day moving average is $327.55 and its two-hundred day moving average is $315.35. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.74 billion, a PE ratio of 19.53 and a beta of 1.05.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results 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 for 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 period in the previous year, the company posted $3.18 EPS. Equities analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VMI shares. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, 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.

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.