Point72 Hong Kong Ltd Has $1.06 Million Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Point72 Hong Kong Ltd raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 117.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,460 shares of the industrial products company's stock after buying 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 quarter.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on VMI. DA Davidson lowered 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 raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Finally, Stifel Nicolaus upped their target price on shares of 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 Performance

Shares of NYSE VMI traded down $9.21 during mid-day trading on Wednesday, hitting $310.88. The company had a trading volume of 23,792 shares, compared to its average volume of 140,901. Valmont Industries, Inc. has a 12 month low of $244.83 and a 12 month high of $379.22. The firm has a market cap of $6.24 billion, a P/E ratio of 18.19 and a beta of 1.10. The business's 50-day simple moving average is $296.78 and its 200-day simple moving average is $319.15. 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 announced its quarterly earnings data 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. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. As a group, analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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 paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend 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.