River Global Investors LLP Reduces Stock Position in Valmont Industries, Inc. (NYSE:VMI)

River Global Investors LLP decreased its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 35.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,958 shares of the industrial products company's stock after selling 2,141 shares during the quarter. River Global Investors LLP's holdings in Valmont Industries were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in shares of Valmont Industries during the third quarter worth approximately $35,000. Point72 Asset Management L.P. purchased a new stake in Valmont Industries in the third quarter worth $58,000. Avior Wealth Management LLC increased its position in Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 56 shares during the period. Huntington National Bank increased its position in shares of Valmont Industries by 16.5% during the third quarter. Huntington National Bank now owns 247 shares of the industrial products company's stock valued at $72,000 after buying an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in 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 acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VMI. Stifel Nicolaus raised their target price on Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Finally, DA Davidson lowered 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.

Valmont Industries Stock Up 1.8 %

VMI stock traded up $5.73 on Wednesday, reaching $326.72. 214,083 shares of the company traded hands, compared to its average volume of 133,778. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a fifty day simple moving average of $329.94 and a 200-day simple moving average of $317.24. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company has a market cap of $6.55 billion, a P/E ratio of 19.02 and a beta of 0.98.

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

Valmont Industries Increases Dividend

The firm 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 $0.68 dividend. This is a positive change 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 0.83%. Valmont Industries's dividend payout ratio (DPR) is presently 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.