M&G Investment Management Ltd. Acquires Shares of 35,918 Valmont Industries, Inc. (NYSE:VMI)

M&G Investment Management Ltd. bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,918 shares of the industrial products company's stock, valued at approximately $8,405,000. M&G Investment Management Ltd. owned approximately 0.17% of Valmont Industries at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VMI. Impax Asset Management Group plc increased its position in Valmont Industries by 0.6% in the 4th quarter. Impax Asset Management Group plc now owns 802,356 shares of the industrial products company's stock valued at $187,358,000 after buying an additional 5,109 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Valmont Industries by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 401,313 shares of the industrial products company's stock worth $93,711,000 after purchasing an additional 17,631 shares in the last quarter. Copeland Capital Management LLC raised its holdings in Valmont Industries by 36.9% during the fourth quarter. Copeland Capital Management LLC now owns 295,350 shares of the industrial products company's stock worth $68,967,000 after buying an additional 79,647 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Valmont Industries by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 252,501 shares of the industrial products company's stock valued at $58,962,000 after buying an additional 13,764 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Valmont Industries by 20.6% in the 4th quarter. Victory Capital Management Inc. now owns 246,757 shares of the industrial products company's stock worth $57,620,000 after acquiring an additional 42,173 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Analyst Ratings Changes

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

Valmont Industries Stock Performance

Shares of VMI stock traded up $0.28 during trading hours on Wednesday, hitting $260.00. 215,442 shares of the company were exchanged, compared to its average volume of 178,280. The company has a current ratio of 2.64, a quick ratio of 1.65 and a debt-to-equity ratio of 0.79. The firm has a fifty day simple moving average of $224.10 and a 200 day simple moving average of $222.08. Valmont Industries, Inc. has a 52-week low of $188.63 and a 52-week high of $303.57. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 34.26 and a beta of 1.05.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $977.83 million for the quarter, compared to analysts' expectations of $986.98 million. During the same period in the previous year, the business posted $3.54 EPS. The firm's quarterly revenue was down 8.0% compared to the same quarter last year. Research analysts predict that Valmont Industries, Inc. will post 16 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.60 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.92%. Valmont Industries's dividend payout ratio (DPR) is presently 31.62%.

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.