6,923 Shares in Valmont Industries, Inc. (NYSE:VMI) Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,923 shares of the industrial products company's stock, valued at approximately $1,976,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its holdings in Valmont Industries by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company's stock valued at $13,289,000 after buying an additional 172 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after acquiring an additional 102 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Valmont Industries by 18.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock worth $736,000 after acquiring an additional 393 shares during the period. Janney Montgomery Scott LLC increased its position in Valmont Industries by 16.1% during the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock worth $425,000 after acquiring an additional 207 shares during the period. Finally, Aquatic Capital Management LLC raised its stake in Valmont Industries by 16.2% during the 4th quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock valued at $2,025,000 after purchasing an additional 922 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in 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 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. Finally, Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st.

Valmont Industries Stock Up 2.0%

NYSE VMI traded up $6.58 during trading hours on Thursday, reaching $336.67. 139,406 shares of the company's stock were exchanged, compared to its average volume of 159,209. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $379.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26. The company's 50-day moving average is $324.83 and its two-hundred day moving average is $317.02. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 19.60 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last released 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. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. On average, analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

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.