Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,293 shares of the industrial products company's stock after buying an additional 874 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Valmont Industries worth $3,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd increased its stake in shares of 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 buying an additional 123 shares during the period. Avior Wealth Management LLC increased its position in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after purchasing an additional 141 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock worth $101,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VMI shares. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.

Valmont Industries Stock Performance

Shares of VMI traded up $7.49 during midday trading on Thursday, reaching $300.71. 25,282 shares of the stock were exchanged, compared to its average volume of 147,536. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 17.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The business's 50-day moving average price is $302.72 and its 200 day moving average price is $319.00.

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, beating analysts' consensus estimates of $4.24 by $0.08. The company had revenue of $969.31 million during 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%. On average, sell-side analysts expect 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 $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.90%. Valmont Industries's dividend payout ratio is presently 15.83%.

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.