Dimensional Fund Advisors LP grew its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 425,178 shares of the industrial products company's stock after purchasing an additional 9,201 shares during the quarter. Dimensional Fund Advisors LP owned about 2.12% of Valmont Industries worth $130,389,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in shares of Valmont Industries by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock valued at $1,211,000 after buying an additional 34 shares during the period. PNC Financial Services Group Inc. increased its holdings in Valmont Industries by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock valued at $472,000 after purchasing an additional 35 shares during the period. Parkside Financial Bank & Trust boosted its holdings in 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 acquiring an additional 36 shares in the last quarter. Arizona State Retirement System increased its position in shares of Valmont Industries by 0.7% during the fourth quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock valued at $1,795,000 after buying an additional 38 shares during the period. Finally, Diametric Capital LP raised its position in shares of Valmont Industries by 2.2% in the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock worth $546,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.
Valmont Industries Trading Up 2.6 %
VMI traded up $7.49 during trading hours on Thursday, reaching $300.71. 25,282 shares of the company's stock traded hands, compared to its average volume of 147,536. The firm has a 50-day moving average price of $302.72 and a 200 day moving average price of $319.00. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $6.04 billion, a PE ratio of 17.51 and a beta of 1.07. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22.
Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's payout ratio is currently 15.83%.
Analysts Set New Price Targets
A number of research firms recently weighed in on VMI. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a report on Wednesday, February 19th. StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Finally, Stifel Nicolaus increased their target price on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd.
Check Out Our Latest Analysis on Valmont Industries
About Valmont Industries
(
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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