Quantedge Capital Pte Ltd lowered its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,100 shares of the industrial products company's stock after selling 800 shares during the period. Quantedge Capital Pte Ltd's holdings in Valmont Industries were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Valmont Industries by 0.4% in the fourth 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. increased its holdings in Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after buying an additional 94,884 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $130,389,000 after buying an additional 9,201 shares in the last quarter. Earnest Partners LLC increased its holdings in Valmont Industries by 4.3% in the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock valued at $121,908,000 after buying an additional 16,302 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings 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 valued at $88,910,000 after buying an additional 1,289 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on VMI. Stifel Nicolaus increased their target price 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. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Finally, DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research note on Wednesday, February 19th.
Read Our Latest Research Report on Valmont Industries
Valmont Industries Stock Down 1.3%
VMI stock opened at $317.99 on Thursday. The stock has a market capitalization of $6.38 billion, a P/E ratio of 18.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. Valmont Industries, Inc. has a one year low of $244.83 and a one year high of $379.22. The company has a 50 day moving average price of $296.75 and a two-hundred day moving average price of $319.03.
Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.24 by $0.08. The firm had revenue of $969.31 million during 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%. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Dividend Announcement
The business also recently declared 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. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.86%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.
Valmont Industries 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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