Two Sigma Investments LP Trims Position in Valmont Industries, Inc. (NYSE:VMI)

Two Sigma Investments LP cut its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 41.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,956 shares of the industrial products company's stock after selling 8,373 shares during the quarter. Two Sigma Investments LP owned about 0.06% of Valmont Industries worth $3,667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in VMI. Tidal Investments LLC raised its stake in Valmont Industries by 5.6% during the fourth quarter. Tidal Investments LLC now owns 6,133 shares of the industrial products company's stock valued at $1,881,000 after buying an additional 324 shares during the last quarter. Snowden Capital Advisors LLC raised its stake in Valmont Industries by 3.7% during the fourth quarter. Snowden Capital Advisors LLC now owns 1,947 shares of the industrial products company's stock valued at $598,000 after buying an additional 69 shares during the last quarter. Sherbrooke Park Advisers LLC raised its stake in Valmont Industries by 215.2% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 2,481 shares of the industrial products company's stock valued at $761,000 after buying an additional 1,694 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in Valmont Industries during the fourth quarter valued at $411,000. Finally, Raiffeisen Bank International AG purchased a new position in Valmont Industries during the fourth quarter valued at $7,635,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" 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.

Valmont Industries Stock Up 0.3%

Shares of VMI stock traded up $0.88 during mid-day trading on Friday, hitting $318.21. The company's stock had a trading volume of 136,148 shares, compared to its average volume of 140,852. Valmont Industries, Inc. has a 52-week low of $244.83 and a 52-week high of $379.22. The business has a 50-day moving average price of $296.92 and a 200 day moving average price of $317.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 18.52 and a beta of 1.10.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analysts' expectations of $976.04 million. Research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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 given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

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.