Wellington Management Group LLP Purchases Shares of 92,799 Valmont Industries, Inc. (NYSE:VMI)

Wellington Management Group LLP bought a new position in Valmont Industries, Inc. (NYSE:VMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 92,799 shares of the industrial products company’s stock, valued at approximately $21,669,000. Wellington Management Group LLP owned approximately 0.46% of Valmont Industries as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Valmont Industries by 2.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,796 shares of the industrial products company’s stock worth $405,000 after acquiring an additional 48 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in shares of Valmont Industries by 0.6% in the 3rd quarter. Treasurer of the State of North Carolina now owns 9,110 shares of the industrial products company’s stock worth $2,188,000 after buying an additional 50 shares during the last quarter. FCA Corp TX grew its stake in shares of Valmont Industries by 0.4% in the 4th quarter. FCA Corp TX now owns 15,133 shares of the industrial products company’s stock worth $3,534,000 after buying an additional 53 shares during the last quarter. Signaturefd LLC grew its stake in shares of Valmont Industries by 37.3% in the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock worth $48,000 after buying an additional 56 shares during the last quarter. Finally, D.B. Root & Company LLC grew its stake in shares of Valmont Industries by 1.6% in the 4th quarter. D.B. Root & Company LLC now owns 3,795 shares of the industrial products company’s stock worth $886,000 after buying an additional 58 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VMI shares. Stifel Nicolaus restated a “buy” rating and issued a $249.00 price target on shares of Valmont Industries in a research note on Monday, March 25th. StockNews.com upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Monday, June 10th. Finally, DA Davidson cut their price target on Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $262.00.

Valmont Industries Stock Performance

Shares of VMI opened at $272.64 on Wednesday. The business’s fifty day simple moving average is $248.34 and its two-hundred day simple moving average is $232.89. The company has a current ratio of 2.64, a quick ratio of 1.65 and a debt-to-equity ratio of 0.79. Valmont Industries, Inc. has a 12 month low of $188.63 and a 12 month high of $303.57. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 35.92 and a beta of 1.04.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $3.24 by $1.08. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The business had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. During the same period last year, the business posted $3.54 EPS. The company’s revenue was down 8.0% compared to the same quarter last year. Research analysts anticipate that Valmont Industries, Inc. will post 15.94 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.88%. Valmont Industries’s dividend payout ratio (DPR) is currently 31.62%.

About Valmont Industries

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.