Valmont Industries, Inc. (NYSE:VMI) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,197 shares of the industrial products company's stock after acquiring an additional 4,622 shares during the period. Gotham Asset Management LLC owned 0.24% of Valmont Industries worth $14,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Covea Finance lifted its holdings in shares of Valmont Industries by 29.9% in the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock valued at $4,661,000 after purchasing an additional 3,500 shares in the last quarter. Aquatic Capital Management LLC lifted its stake in Valmont Industries by 16.2% in the 4th quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock valued at $2,025,000 after buying an additional 922 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Valmont Industries by 70.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock worth $14,182,000 after buying an additional 19,096 shares in the last quarter. Nordea Investment Management AB increased its position in Valmont Industries by 16.9% during the fourth quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company's stock worth $5,326,000 after buying an additional 2,521 shares in the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of Valmont Industries by 73.6% in the fourth quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock worth $9,300,000 after acquiring an additional 12,854 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Trading Up 0.3%

Shares of VMI traded up $1.03 during trading hours on Tuesday, hitting $322.67. The stock had a trading volume of 87,643 shares, compared to its average volume of 142,882. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22. The firm has a market cap of $6.48 billion, a P/E ratio of 18.78 and a beta of 1.10. 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 company's fifty day simple moving average is $296.95 and its 200 day simple moving average is $319.03.

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

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.84%. Valmont Industries's dividend payout ratio is currently 15.83%.

Analyst Ratings Changes

A number of research firms recently commented on VMI. DA Davidson cut 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. Stifel Nicolaus raised their price target on 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 raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.

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.