UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 15.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,872 shares of the industrial products company's stock after purchasing an additional 9,516 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.35% of Valmont Industries worth $21,428,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Valmont Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after purchasing an additional 6,967 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after purchasing an additional 94,884 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Valmont Industries by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after purchasing an additional 9,201 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Valmont Industries by 4.3% during the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after purchasing an additional 16,302 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Valmont Industries by 0.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after purchasing an additional 1,289 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on VMI shares. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research report on Wednesday, February 19th. Stifel Nicolaus upped their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of 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 trading hours on Friday, reaching $318.21. 136,148 shares of the stock were exchanged, compared to its average volume of 140,852. The business's fifty day moving average is $296.92 and its two-hundred day moving average is $317.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22. The firm has a market capitalization of $6.39 billion, a P/E ratio of 18.52 and a beta of 1.10.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.24 by $0.08. The company had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. As a group, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 annualized dividend and a yield of 0.85%. Valmont Industries's dividend payout ratio is currently 15.83%.

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.