Castleark Management LLC Has $6.66 Million Holdings in Valmont Industries, Inc. (NYSE:VMI)

Castleark Management LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,710 shares of the industrial products company's stock after buying an additional 820 shares during the quarter. Castleark Management LLC owned approximately 0.11% of Valmont Industries worth $6,658,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Valmont Industries by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,872 shares of the industrial products company's stock worth $21,428,000 after purchasing an additional 9,516 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Valmont Industries in the 4th quarter valued at about $255,000. Squarepoint Ops LLC grew its position in shares of Valmont Industries by 141.2% during the 4th quarter. Squarepoint Ops LLC now owns 41,555 shares of the industrial products company's stock valued at $12,744,000 after buying an additional 24,323 shares during the last quarter. Twinbeech Capital LP bought a new stake in shares of Valmont Industries during the 4th quarter valued at about $634,000. Finally, 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 worth $1,881,000 after acquiring an additional 324 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stifel Nicolaus lifted their target price 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 lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th. Wall Street Zen lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Stock Performance

Valmont Industries stock traded down $0.18 during midday trading on Monday, reaching $312.45. 66,272 shares of the stock traded hands, compared to its average volume of 140,885. The firm has a fifty day moving average price of $296.00 and a two-hundred day moving average price of $318.59. Valmont Industries, Inc. has a fifty-two week low of $244.83 and a fifty-two week high of $379.22. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 18.19 and a beta of 1.10. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) 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 business had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. On average, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

About Valmont Industries

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.