MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,501 shares of the industrial products company's stock after acquiring an additional 8,798 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.72% of Valmont Industries worth $44,314,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in Valmont Industries by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock worth $1,211,000 after buying an additional 34 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Valmont Industries by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock worth $472,000 after buying an additional 35 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after buying an additional 36 shares in the last quarter. Arizona State Retirement System raised its stake in Valmont Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock worth $1,795,000 after buying an additional 38 shares in the last quarter. Finally, Diametric Capital LP raised its stake in Valmont Industries by 2.2% in the fourth quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock worth $546,000 after buying an additional 39 shares in the last quarter. 87.84% of the stock is owned by institutional investors.
Valmont Industries Stock Up 1.9%
VMI traded up $6.12 during midday trading on Friday, reaching $325.57. The company's stock had a trading volume of 122,556 shares, compared to its average volume of 141,601. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 18.95 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, 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 $319.02.
Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. As a group, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, June 27th. Valmont Industries's payout ratio is 15.83%.
Analyst Upgrades and Downgrades
VMI has been the subject of a number of research reports. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. 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 report on Wednesday, February 19th. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd.
View Our Latest Research Report on Valmont Industries
Valmont Industries Profile
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Free Report)
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.
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