Raiffeisen Bank International AG Acquires New Holdings in Valmont Industries, Inc. (NYSE:VMI)

Raiffeisen Bank International AG purchased a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,000 shares of the industrial products company's stock, valued at approximately $7,635,000. Raiffeisen Bank International AG owned approximately 0.12% of Valmont Industries at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in Valmont Industries by 91.6% in the 3rd quarter. Barclays PLC now owns 14,488 shares of the industrial products company's stock valued at $4,200,000 after acquiring an additional 6,927 shares in the last quarter. Oak Thistle LLC acquired a new position in Valmont Industries in the fourth quarter valued at about $528,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Valmont Industries by 93,000.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,862 shares of the industrial products company's stock worth $571,000 after purchasing an additional 1,860 shares during the period. Diversify Wealth Management LLC lifted its position in Valmont Industries by 26.8% during the fourth quarter. Diversify Wealth Management LLC now owns 1,912 shares of the industrial products company's stock worth $578,000 after purchasing an additional 404 shares during the period. Finally, LaFleur & Godfrey LLC grew its stake in Valmont Industries by 2.3% during the fourth quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock worth $4,254,000 after buying an additional 308 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Price Performance

Shares of VMI traded down $9.21 during mid-day trading on Wednesday, reaching $310.88. The company had a trading volume of 23,792 shares, compared to its average volume of 140,901. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 18.19 and a beta of 1.10. 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 company's 50 day simple moving average is $296.78 and its 200 day simple moving average is $319.15. Valmont Industries, Inc. has a 1-year low of $244.83 and a 1-year high of $379.22.

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

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.87%. Valmont Industries's dividend payout ratio is currently 15.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VMI shares. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. Finally, William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

About Valmont Industries

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.