Martin Currie Ltd. boosted its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 35.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,857 shares of the industrial products company's stock after acquiring an additional 1,006 shares during the period. Martin Currie Ltd.'s holdings in Valmont Industries were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the business. Oppenheimer Asset Management Inc. raised its stake in Valmont Industries by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock worth $1,211,000 after acquiring an additional 34 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Valmont Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock valued at $472,000 after purchasing an additional 35 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after buying an additional 36 shares in the last quarter. Arizona State Retirement System grew its position in Valmont Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock valued at $1,795,000 after buying an additional 38 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Valmont Industries by 1.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,989 shares of the industrial products company's stock valued at $917,000 after buying an additional 47 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.
Valmont Industries Trading Down 4.0 %
VMI stock traded down $11.99 during midday trading on Thursday, hitting $284.55. 66,065 shares of the company's stock were exchanged, compared to its average volume of 146,896. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The business has a 50-day simple moving average of $326.61 and a two-hundred day simple moving average of $320.51. The stock has a market capitalization of $5.71 billion, a PE ratio of 16.56 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 earnings per share (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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $3.18 earnings per share. On average, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a $0.68 dividend. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.96%. Valmont Industries's dividend payout ratio is 15.83%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price on the stock. in a research report on Wednesday, February 19th. Stifel Nicolaus upped 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. Finally, William Blair lowered shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a report on Friday, March 21st.
Get Our Latest Stock Analysis on Valmont Industries
Valmont Industries Company Profile
(
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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