Point72 Hong Kong Ltd raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 117.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,460 shares of the industrial products company's stock after purchasing an additional 1,867 shares during the period. Point72 Hong Kong Ltd's holdings in Valmont Industries were worth $1,061,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd boosted its position in 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 valued at $59,000 after purchasing an additional 123 shares in the last quarter. Quarry LP boosted its holdings 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 buying an additional 162 shares in the last quarter. Avior Wealth Management LLC grew its position 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 worth $65,000 after buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Valmont Industries by 16.9% during 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 in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Valmont Industries by 83.4% during 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 during the last quarter. Institutional investors own 87.84% of the company's stock.
Wall Street Analyst Weigh In
VMI has been the topic of several analyst reports. 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 report on Wednesday, April 23rd. StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.
Get Our Latest Stock Analysis on VMI
Valmont Industries Stock Performance
Shares of VMI stock traded down $2.87 during mid-day trading on Monday, reaching $322.60. The stock had a trading volume of 106,289 shares, compared to its average volume of 141,458. Valmont Industries, Inc. has a 1-year low of $244.83 and a 1-year high of $379.22. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 18.78 and a beta of 1.10. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The business's fifty day moving average is $296.83 and its 200-day moving average is $319.09.
Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS 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 firm had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.
Valmont Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's payout ratio is 15.83%.
Valmont Industries Company 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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