iSAM Funds UK Ltd Acquires Shares of 832 Valmont Industries, Inc. (NYSE:VMI)

iSAM Funds UK Ltd acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 832 shares of the industrial products company's stock, valued at approximately $255,000.

Several other hedge funds also recently modified their holdings of the stock. Aquatic Capital Management LLC grew its holdings in Valmont Industries by 16.2% in the fourth quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock worth $2,025,000 after purchasing an additional 922 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Valmont Industries by 70.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after buying an additional 19,096 shares during the period. Trexquant Investment LP grew its stake in shares of Valmont Industries by 73.6% in the 4th quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock valued at $9,300,000 after buying an additional 12,854 shares during the period. US Bancorp DE increased its position in Valmont Industries by 2,077.0% in the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after buying an additional 56,079 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Valmont Industries by 8.2% during the 4th quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company's stock worth $83,814,000 after buying an additional 20,744 shares during the period. Institutional investors own 87.84% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VMI. Stifel Nicolaus raised their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Wall Street Zen lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Finally, DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th.

Valmont Industries Stock Down 0.1%

Shares of Valmont Industries stock traded down $0.18 on Monday, hitting $312.45. The company had a trading volume of 66,272 shares, compared to its average volume of 140,885. Valmont Industries, Inc. has a 1 year low of $244.83 and a 1 year high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a 50 day moving average of $296.00 and a 200-day moving average of $318.59. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 18.19 and a beta of 1.10.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating 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 business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The company 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. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.87%. Valmont Industries's dividend payout ratio (DPR) is 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.