Valmont Industries, Inc. (NYSE:VMI) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 89.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,384 shares of the industrial products company's stock after purchasing an additional 9,611 shares during the quarter. Quantinno Capital Management LP owned approximately 0.10% of Valmont Industries worth $6,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMI. Vanguard Group Inc. grew its stake in Valmont Industries by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after acquiring an additional 6,967 shares during the period. Franklin Resources Inc. increased its position in Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after purchasing an additional 94,884 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Valmont Industries by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after purchasing an additional 9,201 shares during the last quarter. Earnest Partners LLC increased its position in Valmont Industries by 4.3% during the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after purchasing an additional 16,302 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in Valmont Industries by 0.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after purchasing an additional 1,289 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Valmont Industries Stock Performance

Shares of NYSE VMI traded down $2.96 during trading on Tuesday, reaching $319.98. The stock had a trading volume of 75,679 shares, compared to its average volume of 141,352. Valmont Industries, Inc. has a one year low of $244.83 and a one year high of $379.22. 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 stock has a market cap of $6.42 billion, a PE ratio of 18.63 and a beta of 1.10. The firm's 50 day moving average price is $296.75 and its two-hundred day moving average price is $319.14.

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, topping analysts' consensus estimates of $4.24 by $0.08. The company had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. On average, research 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 0.85%. Valmont Industries's dividend payout ratio is currently 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.