Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Oak Thistle LLC

Oak Thistle LLC raised its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 477.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,939 shares of the industrial products company's stock after purchasing an additional 8,218 shares during the quarter. Oak Thistle LLC's holdings in Valmont Industries were worth $2,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VMI. Norges Bank purchased a new stake in shares of Valmont Industries in the fourth quarter worth about $67,822,000. Allianz Asset Management GmbH boosted its stake in shares of Valmont Industries by 118.0% in the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock worth $78,411,000 after buying an additional 148,740 shares during the last quarter. Franklin Resources Inc. boosted its stake 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 worth $154,007,000 after buying an additional 94,884 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 worth $18,405,000 after buying an additional 64,370 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Valmont Industries in the fourth quarter worth about $14,180,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

VMI has been the topic of a number of recent research reports. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus upped their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. DA Davidson upped their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday.

Valmont Industries Price Performance

NYSE VMI traded up $3.44 during trading hours on Friday, reaching $360.83. The company's stock had a trading volume of 115,244 shares, compared to its average volume of 199,318. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 33.60 and a beta of 1.12. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.50. The company's 50-day moving average is $329.05 and its two-hundred day moving average is $319.09.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. Valmont Industries's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.91 EPS. On average, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a dividend of $0.68 per share. The ex-dividend date was Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.75%. Valmont Industries's payout ratio is currently 25.33%.

Valmont Industries Company 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.