Sherbrooke Park Advisers LLC Increases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Sherbrooke Park Advisers LLC increased its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 215.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,481 shares of the industrial products company's stock after acquiring an additional 1,694 shares during the period. Sherbrooke Park Advisers LLC's holdings in Valmont Industries were worth $761,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Valmont Industries in the 4th quarter worth approximately $67,822,000. Franklin Resources Inc. grew its stake in shares of Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after buying an additional 94,884 shares during the last quarter. US Bancorp DE increased its holdings in shares of Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock worth $18,026,000 after buying an additional 56,079 shares during the period. Driehaus Capital Management LLC bought a new stake in Valmont Industries in the fourth quarter valued at approximately $14,180,000. Finally, Northern Trust Corp boosted its position in Valmont Industries by 20.8% during the 4th quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock valued at $61,812,000 after buying an additional 34,666 shares during the period. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Down 0.3%

Shares of NYSE VMI traded down $0.98 during trading on Thursday, reaching $312.53. The company had a trading volume of 59,169 shares, compared to its average volume of 140,924. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The business's 50-day moving average is $296.49 and its 200 day moving average is $319.10. The stock has a market cap of $6.27 billion, a PE ratio of 18.15 and a beta of 1.10.

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 for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. The business had revenue of $969.31 million during 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%. As a group, equities analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal 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 issued a $0.68 dividend. 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 payout ratio is currently 15.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VMI. DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. Wall Street Zen lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

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.