Schroder Investment Management Group Buys Shares of 4,708 Valmont Industries, Inc. (NYSE:VMI)

Schroder Investment Management Group acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,708 shares of the industrial products company's stock, valued at approximately $1,438,000.

A number of other institutional investors and hedge funds also recently modified their holdings of VMI. Pictet Asset Management Holding SA increased its position in Valmont Industries by 11.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,100 shares of the industrial products company's stock worth $951,000 after buying an additional 314 shares during the last quarter. Norges Bank acquired a new position in shares of Valmont Industries during the 4th quarter worth approximately $67,822,000. Morey & Quinn Wealth Partners LLC bought a new stake in Valmont Industries in the 4th quarter valued at $251,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Valmont Industries by 161.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,616 shares of the industrial products company's stock valued at $2,336,000 after purchasing an additional 4,704 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in Valmont Industries by 0.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after purchasing an additional 1,289 shares during the period. 87.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VMI shares. 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 report on Wednesday, February 19th. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Stifel Nicolaus upped their target price on Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, William Blair cut Valmont Industries from an "outperform" rating to a "market perform" rating in a report on Friday, March 21st.

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Valmont Industries Stock Performance

Shares of VMI stock traded up $6.00 on Friday, hitting $284.16. The company's stock had a trading volume of 126,604 shares, compared to its average volume of 149,145. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. 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 stock's 50 day moving average is $316.19 and its 200-day moving average is $319.71. The company has a market capitalization of $5.70 billion, a PE ratio of 16.54 and a beta of 1.07.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. 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 business also recently disclosed 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. The ex-dividend date is Friday, March 28th. This is a boost from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a yield of 0.96%. Valmont Industries's payout ratio is currently 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.