Valmont Industries, Inc. (NYSE:VMI) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 252,501 shares of the industrial products company's stock after buying an additional 13,764 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.21% of Valmont Industries worth $58,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its stake in Valmont Industries by 10.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,347 shares of the industrial products company's stock worth $564,000 after acquiring an additional 226 shares during the last quarter. Raymond James & Associates grew its stake in shares of Valmont Industries by 58.9% during the third quarter. Raymond James & Associates now owns 10,449 shares of the industrial products company's stock worth $2,510,000 after purchasing an additional 3,872 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Valmont Industries by 17.0% in the third quarter. Mackenzie Financial Corp now owns 1,472 shares of the industrial products company's stock valued at $346,000 after buying an additional 214 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Valmont Industries by 26.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,029 shares of the industrial products company's stock valued at $4,331,000 after buying an additional 3,815 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Valmont Industries by 20.8% in the third quarter. Teacher Retirement System of Texas now owns 10,872 shares of the industrial products company's stock valued at $2,612,000 after buying an additional 1,874 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 research analysts have recently commented on the company. DA Davidson dropped their price objective on Valmont Industries from $290.00 to $275.00 and set a "buy" rating on the stock in a report on Tuesday, February 27th. Stifel Nicolaus reiterated a "buy" rating and issued a $249.00 price target on shares of Valmont Industries in a research note on Monday, March 25th. Finally, StockNews.com upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, March 23rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $262.00.

Valmont Industries Stock Performance

VMI traded down $1.87 during trading on Friday, hitting $257.90. 141,811 shares of the stock were exchanged, compared to its average volume of 177,472. The company has a quick ratio of 1.65, a current ratio of 2.64 and a debt-to-equity ratio of 0.79. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $303.57. The stock has a fifty day moving average price of $225.06 and a two-hundred day moving average price of $222.35. The firm has a market capitalization of $5.21 billion, a P/E ratio of 33.95 and a beta of 1.05.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $4.32 EPS for the quarter, beating analysts' consensus estimates of $3.24 by $1.08. The business had revenue of $977.83 million for the quarter, compared to analysts' expectations of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. The company's quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.54 EPS. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 16 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, June 28th. This represents a $2.40 annualized dividend and a dividend yield of 0.93%. Valmont Industries's dividend payout ratio (DPR) is 31.62%.

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.