Lecap Asset Management Ltd. Acquires 2,422 Shares of Valmont Industries, Inc. (NYSE:VMI)

Lecap Asset Management Ltd. raised its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 141.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,136 shares of the industrial products company's stock after purchasing an additional 2,422 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Valmont Industries were worth $1,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMI. Norges Bank acquired a new stake in shares of Valmont Industries in the 4th quarter valued at $67,822,000. Franklin Resources Inc. increased its stake in shares of Valmont Industries by 23.3% in the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after buying an additional 94,884 shares during the period. GAMMA Investing LLC increased its stake in shares of Valmont Industries by 51,911.3% in the 1st quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock valued at $18,405,000 after buying an additional 64,370 shares during the period. US Bancorp DE increased its stake in shares of 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 during the period. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Valmont Industries in the 4th quarter valued at $14,180,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Trading Up 0.1%

Shares of Valmont Industries stock traded up $0.22 during trading on Friday, reaching $333.60. 346,242 shares of the company were exchanged, compared to its average volume of 138,049. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The business has a 50-day moving average price of $313.84 and a 200-day moving average price of $315.06. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 19.42 and a beta of 1.13.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.08. The firm 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 22.27% and a net margin of 8.55%. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.82%. Valmont Industries's dividend payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

VMI has been the subject of several research reports. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Finally, Stifel Nicolaus lifted their price objective on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note 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.