KLP Kapitalforvaltning AS Buys 700 Shares of Valmont Industries, Inc. (NYSE:VMI)

Key Points

• KLP Kapitalforvaltning AS increased its stake in Valmont Industries by 14.3%, acquiring a total of 5,600 shares valued at approximately $1,601,000 by the end of the first quarter.
• Multiple hedge funds have significantly raised their positions in Valmont Industries, with Aster Capital Management increasing its stake by 175.7% and Quarry LP boosting theirs by 395.1% during the fourth quarter.
• Valmont Industries reported a quarterly EPS of $4.88, exceeding analyst expectations, alongside a recent dividend payment of $0.68, reflecting a 0.75% dividend yield.

KLP Kapitalforvaltning AS lifted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 14.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,600 shares of the industrial products company's stock after acquiring an additional 700 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Valmont Industries were worth $1,601,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd increased its position in Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 123 shares during the period. Quarry LP increased its position in Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC increased its position in Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 102 shares during the period. Signaturefd LLC increased its position in Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after purchasing an additional 52 shares during the period. Finally, First Horizon Advisors Inc. increased its position in Valmont Industries by 19.1% during the 1st quarter. First Horizon Advisors Inc. now owns 392 shares of the industrial products company's stock valued at $112,000 after purchasing an additional 63 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Up 0.3%

Shares of NYSE:VMI traded up $0.91 during midday trading on Wednesday, reaching $364.09. The company's stock had a trading volume of 157,277 shares, compared to its average volume of 179,406. The firm has a 50 day moving average of $331.64 and a 200-day moving average of $320.16. The firm has a market capitalization of $7.31 billion, a P/E ratio of 33.90 and a beta of 1.12. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $4.91 EPS. Valmont Industries's revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts anticipate 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 Wednesday, October 15th. Investors of record on Friday, September 26th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is 25.33%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. DA Davidson boosted their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.

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.