Nomura Holdings Inc. Takes Position in Valmont Industries, Inc. (NYSE:VMI)

Nomura Holdings Inc. bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,658 shares of the industrial products company's stock, valued at approximately $815,000.

Several other hedge funds also recently made changes to their positions in VMI. Barclays PLC raised its position in Valmont Industries by 91.6% in the third quarter. Barclays PLC now owns 14,488 shares of the industrial products company's stock worth $4,200,000 after acquiring an additional 6,927 shares during the period. Diversify Wealth Management LLC raised its position in shares of Valmont Industries by 26.8% in the fourth quarter. Diversify Wealth Management LLC now owns 1,912 shares of the industrial products company's stock valued at $578,000 after buying an additional 404 shares during the last quarter. LaFleur & Godfrey LLC boosted its position in shares of Valmont Industries by 2.3% during the 4th quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock worth $4,254,000 after acquiring an additional 308 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Valmont Industries by 4.3% in the fourth quarter. SG Americas Securities LLC now owns 2,718 shares of the industrial products company's stock valued at $834,000 after purchasing an additional 112 shares during the period. Finally, Avior Wealth Management LLC raised its stake in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after purchasing an additional 56 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Valmont Industries Price Performance

Shares of NYSE VMI traded down $0.18 during mid-day trading on Friday, reaching $312.45. 66,272 shares of the company were exchanged, compared to its average volume of 140,885. The stock has a market capitalization of $6.27 billion, a PE ratio of 18.19 and a beta of 1.10. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 52 week low of $244.83 and a 52 week high of $379.22. The company's 50 day moving average price is $296.00 and its 200 day moving average price is $318.59.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share 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 firm had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.87%. Valmont Industries's payout ratio 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.