Castleark Management LLC lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,710 shares of the industrial products company's stock after purchasing an additional 820 shares during the period. Castleark Management LLC owned about 0.11% of Valmont Industries worth $6,658,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its stake in Valmont Industries by 91.6% during the 3rd quarter. Barclays PLC now owns 14,488 shares of the industrial products company's stock worth $4,200,000 after buying an additional 6,927 shares during the last quarter. Diversify Wealth Management LLC boosted its holdings 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 acquiring an additional 404 shares during the period. LaFleur & Godfrey LLC boosted its holdings in shares of Valmont Industries by 2.3% in the fourth quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock valued at $4,254,000 after acquiring an additional 308 shares during the period. SG Americas Securities LLC grew its position in shares of Valmont Industries by 4.3% during the fourth quarter. SG Americas Securities LLC now owns 2,718 shares of the industrial products company's stock worth $834,000 after acquiring an additional 112 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.
Valmont Industries Price Performance
Valmont Industries stock opened at $319.98 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The business has a 50 day simple moving average of $296.78 and a 200-day simple moving average of $319.15. Valmont Industries, Inc. has a 12 month low of $244.83 and a 12 month high of $379.22. The stock has a market capitalization of $6.42 billion, a PE ratio of 18.63 and a beta of 1.10.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The company had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Equities analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.
Valmont Industries Dividend Announcement
The company also recently declared 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. The ex-dividend date 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%.
Analysts Set New Price Targets
VMI has been the subject of a number of recent research reports. DA Davidson cut shares of 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 raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus increased 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. Finally, StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.
View Our Latest Analysis on VMI
About Valmont Industries
(
Free Report)
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.
Further Reading
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