Marshall Wace LLP Purchases New Holdings in Valmont Industries, Inc. (NYSE:VMI)

Marshall Wace LLP bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,164 shares of the industrial products company's stock, valued at approximately $357,000.

Other hedge funds also recently added to or reduced their stakes in the company. Zacks Investment Management increased its position in shares of Valmont Industries by 2.7% during the fourth quarter. Zacks Investment Management now owns 17,421 shares of the industrial products company's stock worth $5,342,000 after acquiring an additional 462 shares during the period. NewEdge Advisors LLC grew its position in shares of Valmont Industries by 670.2% during the fourth quarter. NewEdge Advisors LLC now owns 2,688 shares of the industrial products company's stock worth $824,000 after buying an additional 2,339 shares in the last quarter. Ceredex Value Advisors LLC increased its stake in shares of Valmont Industries by 6.6% during the fourth quarter. Ceredex Value Advisors LLC now owns 47,500 shares of the industrial products company's stock worth $14,567,000 after buying an additional 2,950 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in Valmont Industries in the fourth quarter valued at approximately $673,000. Finally, XTX Topco Ltd lifted its stake in Valmont Industries by 9.8% in the fourth quarter. XTX Topco Ltd now owns 3,228 shares of the industrial products company's stock worth $990,000 after acquiring an additional 287 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VMI has been the subject of several recent analyst reports. DA Davidson cut shares of 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. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus increased their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Finally, StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.

Valmont Industries Stock Down 0.7 %

Shares of NYSE VMI traded down $2.11 during mid-day trading on Wednesday, reaching $301.08. The company had a trading volume of 99,394 shares, compared to its average volume of 144,234. Valmont Industries, Inc. has a 52-week low of $244.83 and a 52-week high of $379.22. The stock has a market cap of $6.04 billion, a P/E ratio of 17.53 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. The firm has a 50 day simple moving average of $298.47 and a two-hundred day simple moving average of $318.88.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results 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. The business had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.90%. Valmont Industries's payout ratio 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.