Teacher Retirement System of Texas Buys 8,617 Shares of Valmont Industries, Inc. (NYSE:VMI)

Teacher Retirement System of Texas grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 193.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,078 shares of the industrial products company's stock after acquiring an additional 8,617 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of Valmont Industries worth $4,011,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp raised its position in Valmont Industries by 1.1% in the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company's stock worth $186,204,000 after purchasing an additional 6,913 shares during the period. Franklin Resources Inc. lifted its stake in shares of Valmont Industries by 57.6% in the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock valued at $123,512,000 after acquiring an additional 148,811 shares during the last quarter. FMR LLC boosted its holdings in Valmont Industries by 4.0% during the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company's stock valued at $101,316,000 after acquiring an additional 13,509 shares during the period. Geode Capital Management LLC increased its stake in Valmont Industries by 1.5% in the 3rd 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 position in Valmont Industries by 9.0% in the third 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 during the last quarter. 87.84% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research analysts recently commented on the stock. DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price on the stock. in a research note 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 Wednesday, March 19th. William Blair cut Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st. Finally, Stifel Nicolaus upped their price target on Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th.

Valmont Industries Trading Down 3.1 %

Shares of NYSE:VMI traded down $9.21 on Friday, hitting $289.99. The company had a trading volume of 114,692 shares, compared to its average volume of 147,702. The firm's 50-day simple moving average is $330.54 and its two-hundred day simple moving average is $319.59. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 16.88 and a beta of 0.98. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $1.01 billion. During the same period last year, the business posted $3.18 earnings per share. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.68 dividend. 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. This represents a $2.72 dividend on an annualized basis and a yield of 0.94%. Valmont Industries's dividend payout ratio 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.