Blue Capital Inc. Acquires New Shares in Valmont Industries, Inc. (NYSE:VMI)

Blue Capital Inc. acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,036 shares of the industrial products company's stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMI. Aster Capital Management DIFC Ltd raised its position in shares of Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after acquiring an additional 123 shares in the last quarter. Quarry LP grew its position in Valmont Industries by 395.1% in the 4th 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 increased its stake in shares of Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after buying an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after acquiring an additional 141 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Analysts Set New Price Targets

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

Valmont Industries Price Performance

Valmont Industries stock traded down $2.11 during mid-day trading on Wednesday, hitting $301.08. The company's stock had a trading volume of 99,394 shares, compared to its average volume of 144,234. The stock's fifty day moving average price is $298.47 and its two-hundred day moving average price is $318.88. The stock has a market capitalization of $6.04 billion, a P/E ratio of 17.53 and a beta of 1.10. Valmont Industries, Inc. has a twelve month low of $244.83 and a twelve month high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last announced 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 company had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. Research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.90%. Valmont Industries's payout ratio is currently 15.83%.

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.