iSAM Funds UK Ltd purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 832 shares of the industrial products company's stock, valued at approximately $255,000.
Other hedge funds have also modified their holdings of the company. Aquatic Capital Management LLC raised its stake in shares of 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 valued at $2,025,000 after acquiring an additional 922 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Valmont Industries by 70.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after acquiring an additional 19,096 shares in the last quarter. Trexquant Investment LP raised its stake in shares of Valmont Industries by 73.6% in the fourth quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock valued at $9,300,000 after acquiring an additional 12,854 shares in the last quarter. US Bancorp DE raised its stake in shares of Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after acquiring an additional 56,079 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Valmont Industries by 8.2% in the fourth quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company's stock valued at $83,814,000 after buying an additional 20,744 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
VMI has been the topic of a number of analyst reports. William Blair upgraded 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. Stifel Nicolaus raised their price target on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, 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 research note on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on VMI
Valmont Industries Stock Performance
Shares of VMI stock opened at $319.98 on Wednesday. The stock's 50-day moving average is $296.78 and its two-hundred day moving average is $319.15. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 18.63 and a beta of 1.10. 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.
Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.08. The company had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. Analysts predict 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 issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's payout ratio is 15.83%.
Valmont Industries 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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
