Gotham Asset Management LLC Purchases 4,622 Shares of Valmont Industries, Inc. (NYSE:VMI)

Gotham Asset Management LLC raised its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,197 shares of the industrial products company's stock after buying an additional 4,622 shares during the period. Gotham Asset Management LLC owned approximately 0.24% of Valmont Industries worth $14,474,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of VMI. Covea Finance grew its position in Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock worth $4,661,000 after purchasing an additional 3,500 shares in the last quarter. Aquatic Capital Management LLC grew its position in Valmont Industries by 16.2% during the 4th quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock worth $2,025,000 after purchasing an additional 922 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Valmont Industries by 70.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock worth $14,182,000 after purchasing an additional 19,096 shares in the last quarter. Nordea Investment Management AB grew its position in Valmont Industries by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company's stock worth $5,326,000 after purchasing an additional 2,521 shares in the last quarter. Finally, Trexquant Investment LP grew its position in Valmont Industries by 73.6% during the 4th quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock worth $9,300,000 after purchasing an additional 12,854 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Up 1.9%

Shares of Valmont Industries stock traded up $6.11 on Friday, hitting $325.56. 47,846 shares of the company traded hands, compared to its average volume of 141,288. The company has a 50-day moving average price of $296.76 and a 200 day moving average price of $318.97. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22. The company has a market cap of $6.53 billion, a PE ratio of 18.96 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 (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. Sell-side analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Finally, Stifel Nicolaus boosted their price target 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.

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.