Barclays PLC Buys 4,054 Shares of Valmont Industries, Inc. (NYSE:VMI)

Barclays PLC increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,542 shares of the industrial products company's stock after purchasing an additional 4,054 shares during the period. Barclays PLC owned approximately 0.09% of Valmont Industries worth $5,686,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Tidal Investments LLC increased its position in shares of Valmont Industries by 12.2% in the 3rd quarter. Tidal Investments LLC now owns 5,809 shares of the industrial products company's stock valued at $1,684,000 after buying an additional 633 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of Valmont Industries by 65.7% in the third quarter. Synovus Financial Corp now owns 3,837 shares of the industrial products company's stock worth $1,113,000 after acquiring an additional 1,522 shares in the last quarter. Franklin Resources Inc. grew its position 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 purchasing an additional 148,811 shares during the period. JPMorgan Chase & Co. increased its stake in Valmont Industries by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company's stock worth $84,927,000 after purchasing an additional 24,224 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Valmont Industries by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company's stock worth $5,326,000 after purchasing an additional 2,521 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Up 2.8 %

Shares of NYSE VMI traded up $8.11 during mid-day trading on Thursday, hitting $301.33. The company had a trading volume of 20,389 shares, compared to its average volume of 147,504. The company has a market capitalization of $6.05 billion, a PE ratio of 17.54 and a beta of 1.07. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The firm has a 50-day simple moving average of $302.72 and a two-hundred day simple moving average of $319.00. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results 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. The company had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. On average, equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Analyst Upgrades and Downgrades

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

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.