Mubadala Investment Co PJSC Invests $2.31 Million in Valmont Industries, Inc. (NYSE:VMI)

Mubadala Investment Co PJSC bought a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,530 shares of the industrial products company's stock, valued at approximately $2,309,000.

Other large investors have also made changes to their positions in the company. Covea Finance grew its stake in Valmont Industries by 29.9% during the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock worth $4,661,000 after buying an additional 3,500 shares during the last quarter. Aquatic Capital Management LLC raised its holdings in Valmont Industries by 16.2% during the 4th quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock worth $2,025,000 after purchasing an additional 922 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 worth $14,182,000 after purchasing an additional 19,096 shares during the last quarter. Trexquant Investment LP raised its holdings in Valmont Industries by 73.6% during the 4th quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock worth $9,300,000 after purchasing an additional 12,854 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Valmont Industries by 2,077.0% during the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock worth $18,026,000 after purchasing an additional 56,079 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Up 1.9%

NYSE:VMI traded up $6.12 during trading hours on Friday, reaching $325.57. 122,556 shares of the stock were exchanged, compared to its average volume of 141,600. Valmont Industries, Inc. has a twelve month low of $244.83 and a twelve month high of $379.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a 50 day moving average of $296.83 and a 200 day moving average of $319.04. The stock has a market cap of $6.53 billion, a PE ratio of 18.95 and a beta of 1.10.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. On average, equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

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 paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.84%. Valmont Industries's dividend payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VMI shares. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Stifel Nicolaus upped their price target on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th. Finally, William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

About Valmont Industries

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.