MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 8,798 Shares of Valmont Industries, Inc. (NYSE:VMI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,501 shares of the industrial products company's stock after purchasing an additional 8,798 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.72% of Valmont Industries worth $44,314,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd raised its holdings 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 valued at $59,000 after acquiring an additional 123 shares in the last quarter. Quarry LP increased its position in Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 162 shares during the period. Avior Wealth Management LLC raised its holdings in Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Valmont Industries by 83.4% in 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 period. 87.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

VMI has been the topic of several research analyst reports. 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 downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus upped 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.

Valmont Industries Stock Down 0.6%

VMI traded down $1.86 during midday trading on Monday, reaching $323.61. The company's stock had a trading volume of 9,951 shares, compared to its average volume of 141,138. Valmont Industries, Inc. has a 1 year low of $244.83 and a 1 year high of $379.22. The stock's 50-day moving average is $296.83 and its 200-day moving average is $319.09. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 18.83 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.

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

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid 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 payout ratio is 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.