Raymond James Financial Inc. Takes $4.17 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Raymond James Financial Inc. acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,584 shares of the industrial products company's stock, valued at approximately $4,166,000. Raymond James Financial Inc. owned about 0.07% of Valmont Industries as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of VMI. Charles Schwab Investment Management Inc. raised its stake in shares of Valmont Industries by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,604 shares of the industrial products company's stock worth $78,752,000 after buying an additional 3,501 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Valmont Industries during the third quarter worth $558,000. Bank of Montreal Can raised its position in Valmont Industries by 371.6% in the third quarter. Bank of Montreal Can now owns 21,927 shares of the industrial products company's stock worth $6,338,000 after acquiring an additional 17,278 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Valmont Industries by 30.1% in the third quarter. D.A. Davidson & CO. now owns 43,709 shares of the industrial products company's stock valued at $12,674,000 after acquiring an additional 10,120 shares during the period. Finally, FMR LLC boosted its position in shares of Valmont Industries by 4.0% during the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company's stock worth $101,316,000 after purchasing an additional 13,509 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

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Analyst Upgrades and Downgrades

VMI has been the subject of a number of research analyst reports. DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a report on Wednesday, February 19th. William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a report on Friday, March 21st. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Stifel Nicolaus upped their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th.

Valmont Industries Price Performance

VMI stock traded down $9.21 on Friday, reaching $289.99. The company had a trading volume of 114,692 shares, compared to its average volume of 147,702. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The company's fifty day moving average is $329.60 and its 200 day moving average is $320.48. The company has a market cap of $5.82 billion, a P/E ratio of 16.88 and a beta of 0.98. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data 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. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $3.18 earnings per share. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The company 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. The ex-dividend date is Friday, March 28th. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.94%. Valmont Industries's payout ratio is 15.83%.

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.