Tower Research Capital LLC TRC Grows Stake in Valmont Industries, Inc. (NYSE:VMI)

Tower Research Capital LLC TRC lifted its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 130.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,722 shares of the industrial products company's stock after purchasing an additional 974 shares during the period. Tower Research Capital LLC TRC's holdings in Valmont Industries were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of Valmont Industries during the 4th quarter valued at approximately $67,822,000. Franklin Resources Inc. grew its stake in Valmont Industries by 57.6% in the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock worth $123,512,000 after acquiring an additional 148,811 shares in the last quarter. US Bancorp DE raised its position in Valmont Industries by 2,077.0% during the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after purchasing an additional 56,079 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Valmont Industries in the fourth quarter worth about $8,275,000. Finally, JPMorgan Chase & Co. raised its stake in Valmont Industries by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company's stock worth $84,927,000 after buying an additional 24,224 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Valmont Industries Stock Performance

Shares of NYSE:VMI traded up $6.22 on Thursday, reaching $299.44. The company's stock had a trading volume of 126,208 shares, compared to its average volume of 147,496. Valmont Industries, Inc. has a 52-week low of $225.00 and a 52-week high of $379.22. The stock's 50-day moving average is $301.84 and its two-hundred day moving average is $318.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The stock has a market capitalization of $6.01 billion, a P/E ratio of 17.43 and a beta of 1.07.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.91%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

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.