Livforsakringsbolaget Skandia Omsesidigt Invests $343,000 in Valmont Industries, Inc. (NYSE:VMI)

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,200 shares of the industrial products company's stock, valued at approximately $343,000.

Several other hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in shares of Valmont Industries in the fourth quarter worth $67,822,000. Franklin Resources Inc. grew its position in shares of Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after purchasing an additional 94,884 shares during the period. GAMMA Investing LLC grew its position in shares of Valmont Industries by 51,911.3% in the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock valued at $18,405,000 after purchasing an additional 64,370 shares during the period. US Bancorp DE grew its position 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 purchasing an additional 56,079 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Valmont Industries in the fourth quarter valued at $14,180,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Price Performance

NYSE VMI traded down $3.40 on Friday, reaching $321.75. 130,610 shares of the stock traded hands, compared to its average volume of 138,599. The firm's fifty day simple moving average is $304.82 and its 200 day simple moving average is $316.41. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 18.73 and a beta of 1.13. 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, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. The company 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 23.15% and a net margin of 8.55%. As a group, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.85%. Valmont Industries's payout ratio is presently 15.83%.

Analysts Set New Price Targets

A number of brokerages have recently commented on VMI. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th. Stifel Nicolaus boosted 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. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries 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.