Sei Investments Co. Has $83.81 Million Stake in Valmont Industries, Inc. (NYSE:VMI)

Sei Investments Co. increased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,302 shares of the industrial products company's stock after purchasing an additional 20,744 shares during the period. Sei Investments Co. owned approximately 1.36% of Valmont Industries worth $83,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Valmont Industries by 58.6% during the 4th quarter. American Century Companies Inc. now owns 55,006 shares of the industrial products company's stock valued at $16,869,000 after acquiring an additional 20,332 shares during the period. Virtu Financial LLC acquired a new stake in Valmont Industries during the fourth quarter worth about $335,000. Summit Global Investments bought a new position in Valmont Industries in the 4th quarter valued at about $737,000. Teacher Retirement System of Texas raised its position in shares of Valmont Industries by 193.2% in the 4th quarter. Teacher Retirement System of Texas now owns 13,078 shares of the industrial products company's stock valued at $4,011,000 after buying an additional 8,617 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Valmont Industries during the 4th quarter worth approximately $161,000. 87.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VMI. DA Davidson lowered 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. William Blair cut Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st. Stifel Nicolaus increased their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th.

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Valmont Industries Price Performance

Shares of NYSE VMI traded down $1.33 during mid-day trading on Thursday, hitting $299.39. 177,632 shares of the stock traded hands, compared to its average volume of 141,265. 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 simple moving average of $331.27 and a two-hundred day simple moving average of $319.73. 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 $6.01 billion, a PE ratio of 17.43 and a beta of 0.98.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $3.18 earnings per share. As a group, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a $0.68 dividend. 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 0.91%. The ex-dividend date is Friday, March 28th. Valmont Industries's dividend payout ratio is 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.