Point72 Asset Management L.P. Raises Stake in Valmont Industries, Inc. (NYSE:VMI)

Point72 Asset Management L.P. increased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 4,627.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,454 shares of the industrial products company's stock after purchasing an additional 9,254 shares during the period. Point72 Asset Management L.P.'s holdings in Valmont Industries were worth $2,899,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VMI. Aster Capital Management DIFC Ltd raised its holdings in Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares in the last quarter. Quarry LP increased its holdings in Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after buying an additional 56 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after buying an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after buying an additional 141 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Price Performance

Shares of VMI traded down $0.18 during mid-day trading on Friday, reaching $312.45. 66,272 shares of the company's stock were exchanged, compared to its average volume of 140,721. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $296.00 and a two-hundred day simple moving average of $318.96. Valmont Industries, Inc. has a 52-week low of $244.83 and a 52-week high of $379.22. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 18.19 and a beta of 1.10.

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 for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The business had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. On average, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a 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%.

Analyst Ratings Changes

A number of brokerages have issued reports on VMI. Wall Street Zen cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Stifel Nicolaus increased their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th.

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.