Victory Capital Management Inc. Increases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Victory Capital Management Inc. raised its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,068 shares of the industrial products company's stock after purchasing an additional 1,184 shares during the period. Victory Capital Management Inc.'s holdings in Valmont Industries were worth $1,861,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company's stock worth $81,000 after buying an additional 31 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Valmont Industries by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock valued at $1,211,000 after acquiring an additional 34 shares in the last quarter. Huntington National Bank boosted its position in shares of Valmont Industries by 16.5% during the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 35 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after purchasing an additional 36 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Valmont Industries by 1.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,989 shares of the industrial products company's stock worth $917,000 after purchasing an additional 47 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

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Valmont Industries Price Performance

Shares of VMI stock traded down $40.89 during trading hours on Friday, hitting $285.69. 424,563 shares of the company's stock were exchanged, compared to its average volume of 139,824. The company has a market capitalization of $5.73 billion, a PE ratio of 16.63 and a beta of 0.98. 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 12-month low of $202.01 and a 12-month high of $379.22. The business's 50 day simple moving average is $332.53 and its 200-day simple moving average is $318.77.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping 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 analysts' expectations of $1.01 billion. During the same quarter last year, the company earned $3.18 EPS. On average, equities research analysts anticipate 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. The ex-dividend date is Friday, March 28th. 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 0.95%. Valmont Industries's dividend payout ratio is currently 15.83%.

Analyst Ratings Changes

VMI has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. William Blair lowered shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday. DA Davidson cut 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. Finally, StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday.

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.