MetLife Investment Management LLC lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,293 shares of the industrial products company's stock after acquiring an additional 874 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Valmont Industries worth $3,463,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd increased its stake in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares in the last quarter. Avior Wealth Management LLC increased its stake 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 worth $65,000 after buying 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 fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 36 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 141 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in Valmont Industries by 17.9% in the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock worth $101,000 after purchasing an additional 50 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.
Valmont Industries Trading Up 0.7 %
NYSE VMI traded up $2.04 during trading hours on Tuesday, hitting $295.24. 101,614 shares of the company were exchanged, compared to its average volume of 148,332. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $305.19 and a 200 day moving average price of $319.34. The stock has a market cap of $5.93 billion, a PE ratio of 17.19 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 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.
Valmont Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.92%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.
Analyst Ratings Changes
VMI has been the subject of several research analyst reports. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus lifted their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Finally, DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research report on Wednesday, February 19th.
View Our Latest Analysis on Valmont Industries
Valmont Industries 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.
Read More
Before you consider Valmont Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valmont Industries wasn't on the list.
While Valmont Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
