Trexquant Investment LP Has $9.30 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Trexquant Investment LP boosted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 73.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,325 shares of the industrial products company's stock after buying an additional 12,854 shares during the period. Trexquant Investment LP owned approximately 0.15% of Valmont Industries worth $9,300,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in Valmont Industries in the third quarter valued at about $35,000. Point72 Asset Management L.P. bought a new stake in shares of Valmont Industries in the third quarter worth $58,000. Avior Wealth Management LLC raised its holdings in Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Valmont Industries by 83.4% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Analyst Ratings Changes

VMI has been the topic of several research reports. Stifel Nicolaus upped their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. StockNews.com downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st. Finally, DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th.

Remove Ads

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded down $5.69 on Monday, reaching $259.59. The stock had a trading volume of 101,723 shares, compared to its average volume of 147,543. The stock has a market cap of $5.21 billion, a P/E ratio of 15.11 and a beta of 1.07. 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 business's 50-day moving average price is $323.80 and its two-hundred day moving average price is $320.71.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the prior year, the firm earned $3.18 EPS. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a yield of 1.05%. Valmont Industries's payout ratio is currently 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.