Victory Capital Management Inc. Has $57.62 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Victory Capital Management Inc. grew its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,757 shares of the industrial products company's stock after purchasing an additional 42,173 shares during the quarter. Victory Capital Management Inc. owned approximately 1.18% of Valmont Industries worth $57,620,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Impax Asset Management Group plc increased its position in Valmont Industries by 0.6% in the fourth quarter. Impax Asset Management Group plc now owns 802,356 shares of the industrial products company's stock worth $187,358,000 after buying an additional 5,109 shares during the last quarter. Copeland Capital Management LLC grew its position in shares of Valmont Industries by 36.9% in the fourth quarter. Copeland Capital Management LLC now owns 295,350 shares of the industrial products company's stock valued at $68,967,000 after purchasing an additional 79,647 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Valmont Industries by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 238,737 shares of the industrial products company's stock valued at $57,347,000 after purchasing an additional 8,004 shares in the last quarter. Northern Trust Corp grew its position in shares of Valmont Industries by 4.7% in the third quarter. Northern Trust Corp now owns 158,148 shares of the industrial products company's stock valued at $37,989,000 after purchasing an additional 7,092 shares in the last quarter. Finally, FMR LLC grew its position in shares of Valmont Industries by 140.8% in the third quarter. FMR LLC now owns 133,109 shares of the industrial products company's stock valued at $31,974,000 after purchasing an additional 77,839 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Trading Up 0.7 %

Shares of NYSE VMI traded up $1.64 during midday trading on Friday, reaching $246.21. The company had a trading volume of 244,961 shares, compared to its average volume of 201,397. Valmont Industries, Inc. has a one year low of $188.63 and a one year high of $303.57. The company has a quick ratio of 1.56, a current ratio of 2.64 and a debt-to-equity ratio of 0.79. The firm's fifty day moving average price is $216.97 and its 200-day moving average price is $220.21. The stock has a market cap of $4.98 billion, a PE ratio of 32.44 and a beta of 1.05.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.24 by $1.08. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The company had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. During the same quarter in the previous year, the business earned $3.54 EPS. Valmont Industries's revenue was down 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 15.9 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.97%. Valmont Industries's dividend payout ratio (DPR) is 31.62%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com raised Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, March 23rd. DA Davidson dropped their price target on Valmont Industries from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $249.00 price target on shares of Valmont Industries in a research note on Monday, March 25th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $262.00.

Valmont Industries Company 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.