Teacher Retirement System of Texas Has $8.41 Million Stake in Valmont Industries, Inc. (NYSE:VMI)

Teacher Retirement System of Texas boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 125.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,457 shares of the industrial products company's stock after acquiring an additional 16,379 shares during the period. Teacher Retirement System of Texas owned 0.15% of Valmont Industries worth $8,406,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its stake 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 worth $112,000 after acquiring an additional 63 shares during the period. Vontobel Holding Ltd. increased its stake in Valmont Industries by 5.3% during the 1st quarter. Vontobel Holding Ltd. now owns 3,820 shares of the industrial products company's stock worth $1,090,000 after acquiring an additional 192 shares during the period. Verity Asset Management Inc. increased its stake in Valmont Industries by 25.1% during the 1st quarter. Verity Asset Management Inc. now owns 5,574 shares of the industrial products company's stock worth $1,591,000 after acquiring an additional 1,118 shares during the period. KBC Group NV increased its stake in Valmont Industries by 1.0% during the 1st quarter. KBC Group NV now owns 12,963 shares of the industrial products company's stock worth $3,699,000 after acquiring an additional 133 shares during the period. Finally, TBH Global Asset Management LLC increased its stake in Valmont Industries by 1.5% during the 1st quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock worth $1,126,000 after acquiring an additional 58 shares during the period. Institutional investors own 87.84% of the company's stock.

Valmont Industries Price Performance

Shares of VMI traded up $0.32 during midday trading on Friday, hitting $341.58. The company's stock had a trading volume of 142,373 shares, compared to its average volume of 138,964. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $379.22. The company's fifty day simple moving average is $319.06 and its two-hundred day simple moving average is $315.57. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 19.88 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The company had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. As a group, equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on VMI. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus lifted their price target on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st.

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.