4,900 Shares in Valmont Industries, Inc. (NYSE:VMI) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,900 shares of the industrial products company's stock, valued at approximately $1,505,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in shares of Valmont Industries during the 3rd quarter valued at $35,000. Point72 Asset Management L.P. bought a new position in Valmont Industries during the third quarter valued at about $58,000. Avior Wealth Management LLC grew its holdings in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust raised its position 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 acquiring an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Valmont Industries by 83.4% in the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson cut shares of 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. Stifel Nicolaus lifted their price target on shares of 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 downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, William Blair lowered Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st.

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Valmont Industries Trading Up 2.8 %

VMI stock traded up $8.01 during mid-day trading on Wednesday, reaching $296.48. 115,374 shares of the stock traded hands, compared to its average volume of 147,199. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22. The stock's fifty day moving average is $326.61 and its 200-day moving average is $320.51. The company has a market cap of $5.95 billion, a P/E ratio of 17.26 and a beta of 0.98. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.92%. Valmont Industries's payout ratio is currently 15.83%.

Valmont Industries Company Profile

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.