Quantinno Capital Management LP Purchases 9,611 Shares of Valmont Industries, Inc. (NYSE:VMI)

Quantinno Capital Management LP raised its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 89.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,384 shares of the industrial products company's stock after buying an additional 9,611 shares during the quarter. Quantinno Capital Management LP owned about 0.10% of Valmont Industries worth $6,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its position in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after acquiring an additional 123 shares in the last quarter. Quarry LP raised its stake in shares of Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 162 shares during the period. Avior Wealth Management LLC raised its stake in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 56 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Performance

Valmont Industries stock traded down $0.12 during midday trading on Thursday, hitting $313.40. The company's stock had a trading volume of 50,351 shares, compared to its average volume of 140,909. The company has a 50-day moving average price of $296.49 and a two-hundred day moving average price of $319.10. Valmont Industries, Inc. has a 1-year low of $244.83 and a 1-year high of $379.22. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 18.24 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly 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 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 predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen cut 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 on the stock. in a research report on Wednesday, February 19th. Stifel Nicolaus raised 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. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note 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.