Mubadala Investment Co PJSC acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,530 shares of the industrial products company's stock, valued at approximately $2,309,000.
Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd raised its position in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares during the last quarter. Quarry LP raised its position in shares of Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of 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 buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after buying an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after buying an additional 141 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on VMI shares. StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th.
Get Our Latest Research Report on VMI
Valmont Industries Stock Up 1.9%
Shares of NYSE VMI traded up $6.12 during midday trading on Friday, hitting $325.57. The company's stock had a trading volume of 122,556 shares, compared to its average volume of 141,601. The business's fifty day simple moving average is $296.83 and its two-hundred day simple moving average is $319.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a 1 year low of $244.83 and a 1 year high of $379.22. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 18.95 and a beta of 1.10.
Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. On average, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.84%. Valmont Industries's dividend payout ratio (DPR) is 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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