Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina increased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 155.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,176 shares of the industrial products company's stock after acquiring an additional 13,480 shares during the period. Treasurer of the State of North Carolina owned about 0.11% of Valmont Industries worth $6,801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries during the third quarter worth about $35,000. Aster Capital Management DIFC Ltd boosted its position in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares during the period. Avior Wealth Management LLC boosted its position 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 valued at $65,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust grew its stake 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 worth $76,000 after acquiring an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after acquiring an additional 141 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on VMI. Stifel Nicolaus lowered their target price on Valmont Industries from $425.00 to $343.00 and set a "buy" rating for the company in a research note on Monday, April 14th. William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a report on Friday, March 21st. DA Davidson cut 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. Finally, StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.

Valmont Industries Stock Down 1.3 %

Shares of Valmont Industries stock traded down $3.76 during trading hours on Friday, hitting $277.35. The company had a trading volume of 125,469 shares, compared to its average volume of 147,316. The company's 50-day moving average is $311.41 and its two-hundred day moving average is $319.20. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. 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 company has a market cap of $5.57 billion, a P/E ratio of 16.14 and a beta of 1.07.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data 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. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company 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 posted $3.18 earnings per share. Analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change 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 0.98%. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Valmont Industries 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.