Ensign Peak Advisors Inc raised its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,952 shares of the industrial products company's stock after acquiring an additional 981 shares during the period. Ensign Peak Advisors Inc's holdings in Valmont Industries were worth $2,132,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its position in shares of Valmont Industries by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock worth $1,211,000 after buying an additional 34 shares during the period. PNC Financial Services Group Inc. raised its holdings in Valmont Industries by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock worth $472,000 after purchasing an additional 35 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after purchasing an additional 36 shares in the last quarter. Arizona State Retirement System raised its holdings in Valmont Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock worth $1,795,000 after purchasing an additional 38 shares in the last quarter. Finally, Diametric Capital LP raised its holdings in Valmont Industries by 2.2% during the fourth quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock worth $546,000 after purchasing an additional 39 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
VMI has been the topic of several research reports. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" 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 on the stock. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus upped their price target on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd.
Check Out Our Latest Report on Valmont Industries
Valmont Industries Trading Down 0.9%
NYSE VMI traded down $2.87 on Monday, hitting $322.60. 106,289 shares of the stock were exchanged, compared to its average volume of 141,458. Valmont Industries, Inc. has a 52-week low of $244.83 and a 52-week 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 company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 18.78 and a beta of 1.10. The company's 50-day moving average price is $296.83 and its two-hundred day moving average price is $319.09.
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, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The business had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Announces Dividend
The business 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 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio is currently 15.83%.
Valmont Industries Company Profile
(
Free Report)
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.
Further Reading
Before you consider Valmont Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valmont Industries wasn't on the list.
While Valmont Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
