Aquatic Capital Management LLC Boosts Holdings in Valmont Industries, Inc. (NYSE:VMI)

Aquatic Capital Management LLC raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 16.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,602 shares of the industrial products company's stock after buying an additional 922 shares during the quarter. Aquatic Capital Management LLC's holdings in Valmont Industries were worth $2,025,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VMI. Vanguard Group Inc. raised its holdings in shares of Valmont Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock valued at $610,531,000 after buying an additional 6,967 shares in the last quarter. Franklin Resources Inc. raised its holdings in Valmont Industries by 23.3% in the 4th 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Valmont Industries by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after buying an additional 9,201 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Valmont Industries by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company's stock valued at $84,927,000 after purchasing an additional 24,224 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in Valmont Industries by 0.4% in 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 period. Institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

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

Valmont Industries Stock Up 2.9 %

NYSE:VMI traded up $8.76 on Friday, reaching $307.47. 166,240 shares of the stock traded hands, compared to its average volume of 147,571. Valmont Industries, Inc. has a 12 month low of $225.00 and a 12 month high of $379.22. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 17.90 and a beta of 1.07. The company's fifty day simple moving average is $301.84 and its 200 day simple moving average is $318.97. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

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. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given 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 0.88%. Valmont Industries's payout ratio is 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.