Orion Portfolio Solutions LLC decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,075 shares of the industrial products company's stock after selling 1,398 shares during the quarter. Orion Portfolio Solutions LLC owned 0.23% of Valmont Industries worth $14,130,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Covea Finance increased its position in Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock worth $4,661,000 after purchasing an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Valmont Industries in the 3rd quarter valued at $466,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Valmont Industries by 70.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after acquiring an additional 19,096 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Valmont Industries during the 3rd quarter worth $698,000. Finally, Nordea Investment Management AB increased its holdings in Valmont Industries by 16.9% in the 4th quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company's stock worth $5,326,000 after purchasing an additional 2,521 shares in the last quarter. Institutional investors own 87.84% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on VMI. Stifel Nicolaus boosted their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price on the stock. in a report on Wednesday, February 19th. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st.
Read Our Latest Stock Report on Valmont Industries
Valmont Industries Trading Up 2.8 %
VMI stock traded up $7.93 during trading on Wednesday, hitting $296.40. The company had a trading volume of 32,082 shares, compared to its average volume of 145,551. The stock has a market cap of $5.95 billion, a PE ratio of 17.25 and a beta of 0.98. The business has a 50-day moving average of $327.49 and a 200-day moving average of $320.68. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22.
Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.55% and a return on equity of 23.15%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $3.18 EPS. Research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.
Valmont Industries Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries's payout ratio is currently 15.83%.
Valmont Industries Company Profile
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Free Report)
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.
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