Ontario Teachers Pension Plan Board Takes $673,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Ontario Teachers Pension Plan Board purchased a new position in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,194 shares of the industrial products company's stock, valued at approximately $673,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd grew its position in Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares in the last quarter. Avior Wealth Management LLC lifted its stake 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 acquiring an additional 56 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 36 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Valmont Industries by 83.4% in the fourth 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 in the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Valmont Industries by 17.9% in the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock valued at $101,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VMI shares. Stifel Nicolaus cut their price target on Valmont Industries from $425.00 to $343.00 and set a "buy" rating for the company in a research note on Monday, April 14th. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research note on Wednesday, February 19th. Finally, William Blair lowered Valmont Industries from an "outperform" rating to a "market perform" rating in a report on Friday, March 21st.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded up $10.87 during trading on Tuesday, reaching $280.40. The company's stock had a trading volume of 63,524 shares, compared to its average volume of 147,689. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The business's fifty day moving average price is $310.37 and its 200-day moving average price is $319.51. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 16.31 and a beta of 1.07. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22.

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

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were paid a dividend of $0.68 per share. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, March 28th. Valmont Industries's dividend payout ratio is currently 15.83%.

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.