US Bancorp DE Has $18.03 Million Stock Position in Valmont Industries, Inc. (NYSE:VMI)

US Bancorp DE boosted its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2,077.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,779 shares of the industrial products company's stock after purchasing an additional 56,079 shares during the quarter. US Bancorp DE owned about 0.29% of Valmont Industries worth $18,026,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Valmont Industries by 1.1% in the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company's stock valued at $186,204,000 after buying an additional 6,913 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Valmont Industries by 57.6% in the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock worth $123,512,000 after acquiring an additional 148,811 shares in the last quarter. FMR LLC increased its holdings in shares of Valmont Industries by 4.0% in the third quarter. FMR LLC now owns 349,426 shares of the industrial products company's stock worth $101,316,000 after acquiring an additional 13,509 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Valmont Industries by 1.5% during the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company's stock worth $97,428,000 after purchasing an additional 4,940 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Valmont Industries by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company's stock valued at $84,927,000 after purchasing an additional 24,224 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research note on Wednesday, February 19th.

Valmont Industries Stock Down 3.9 %

NYSE:VMI traded down $13.55 during trading hours on Monday, reaching $334.82. 200,120 shares of the stock were exchanged, compared to its average volume of 127,023. The stock has a market cap of $6.71 billion, a PE ratio of 19.49 and a beta of 1.05. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The firm has a 50 day moving average of $327.55 and a 200 day moving average of $315.35. 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 (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the company posted $3.18 earnings per share. On average, equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's dividend payout ratio is presently 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.