Quantbot Technologies LP lowered its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,285 shares of the industrial products company's stock after selling 1,641 shares during the period. Quantbot Technologies LP's holdings in Valmont Industries were worth $2,234,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Sunbelt Securities Inc. acquired a new stake in Valmont Industries in the 3rd quarter valued at $35,000. Point72 Asset Management L.P. purchased a new stake in shares of Valmont Industries in the third quarter worth about $58,000. Avior Wealth Management LLC grew its stake in shares of Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after buying an additional 56 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after buying an additional 36 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Valmont Industries by 12.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company's stock worth $81,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.
Valmont Industries Stock Down 0.4 %
Shares of NYSE:VMI traded down $1.33 during midday trading on Thursday, reaching $299.39. The company had a trading volume of 177,632 shares, compared to its average volume of 141,265. The stock has a market capitalization of $6.01 billion, a P/E ratio of 17.43 and a beta of 0.98. The stock's fifty day moving average price is $331.27 and its 200-day moving average price is $319.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22.
Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (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 analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the prior year, the business posted $3.18 EPS. Equities research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.
Valmont Industries Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, March 28th. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's dividend payout ratio (DPR) is currently 15.83%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. William Blair downgraded shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st. StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th. Finally, 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.
Read Our Latest Research Report on VMI
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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