Tudor Investment Corp ET AL raised its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 118.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,843 shares of the industrial products company's stock after purchasing an additional 4,260 shares during the quarter. Tudor Investment Corp ET AL's holdings in Valmont Industries were worth $2,405,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd lifted its stake in shares of Valmont Industries by 175.7% during the fourth 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. Quarry LP raised its holdings in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares during the period. Avior Wealth Management LLC lifted its position in Valmont Industries by 35.9% during 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 boosted its holdings in Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after acquiring an additional 36 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.
Valmont Industries Stock Down 0.1 %
Shares of Valmont Industries stock traded down $0.19 during trading on Friday, reaching $309.02. The company had a trading volume of 49,319 shares, compared to its average volume of 143,637. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. Valmont Industries, Inc. has a fifty-two week low of $244.83 and a fifty-two week high of $379.22. The firm's fifty day moving average is $297.95 and its 200-day moving average is $318.93. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 17.99 and a beta of 1.10.
Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.08. The firm 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%. On average, analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued 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 dividend yield of 0.88%. Valmont Industries's dividend payout ratio (DPR) is 15.83%.
Analyst Ratings Changes
Several research firms recently issued reports on VMI. Stifel Nicolaus lifted their price target 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. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research note on Wednesday, February 19th. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.
View Our Latest Stock Report on VMI
Valmont Industries Profile
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Free Report)
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.
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