Driehaus Capital Management LLC Invests $14.18 Million in Valmont Industries, Inc. (NYSE:VMI)

Driehaus Capital Management LLC bought a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,238 shares of the industrial products company's stock, valued at approximately $14,180,000. Driehaus Capital Management LLC owned approximately 0.23% of Valmont Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Cubist Systematic Strategies LLC increased its position in Valmont Industries by 13.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 20,853 shares of the industrial products company's stock worth $6,395,000 after buying an additional 2,392 shares during the period. Blue Capital Inc. bought a new position in Valmont Industries during the fourth quarter worth about $318,000. Capstone Investment Advisors LLC bought a new stake in Valmont Industries in the fourth quarter valued at $698,000. Baird Financial Group Inc. lifted its holdings in Valmont Industries by 3.2% during the 4th quarter. Baird Financial Group Inc. now owns 3,168 shares of the industrial products company's stock valued at $972,000 after purchasing an additional 98 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in shares of Valmont Industries in the 4th quarter worth approximately $906,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Up 0.3%

Shares of NYSE VMI traded up $1.03 during mid-day trading on Tuesday, hitting $322.67. The company had a trading volume of 87,643 shares, compared to its average volume of 142,882. 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 $297.11 and a two-hundred day simple moving average of $319.01. The company has a market capitalization of $6.48 billion, a PE ratio of 18.78 and a beta of 1.10. Valmont Industries, Inc. has a one year low of $244.83 and a one year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. The business had revenue of $969.31 million during the quarter, compared to analysts' expectations 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Wall Street Analysts Forecast Growth

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

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.