Ameriprise Financial Inc. Buys 3,186 Shares of Valmont Industries, Inc. (NYSE:VMI)

Ameriprise Financial Inc. raised its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,333 shares of the industrial products company's stock after purchasing an additional 3,186 shares during the period. Ameriprise Financial Inc. owned approximately 0.29% of Valmont Industries worth $17,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Aquatic Capital Management LLC increased its position in shares of Valmont Industries by 16.2% in the fourth 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 period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Valmont Industries by 70.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock worth $14,182,000 after buying an additional 19,096 shares in the last quarter. Trexquant Investment LP increased its holdings in Valmont Industries by 73.6% in the 4th quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock valued at $9,300,000 after buying an additional 12,854 shares during the period. US Bancorp DE increased its holdings in Valmont Industries by 2,077.0% in the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after buying an additional 56,079 shares during the period. Finally, Sei Investments Co. raised its position in shares of Valmont Industries by 8.2% in the 4th quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company's stock valued at $83,814,000 after buying an additional 20,744 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $3.07 during midday trading on Thursday, hitting $310.45. 21,581 shares of the company traded hands, compared to its average volume of 140,774. The firm's fifty day moving average price is $296.49 and its 200-day moving average price is $319.10. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 18.08 and a beta of 1.10. Valmont Industries, Inc. has a 12 month low of $244.83 and a 12 month 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.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its 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 net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. As a group, sell-side analysts forecast 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. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.88%. Valmont Industries's payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus raised their target price on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report 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 report on Wednesday, February 19th. Finally, StockNews.com downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.

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.