Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 24.2% in the 4th quarter, Holdings Channel reports. The fund owned 6,068 shares of the industrial products company’s stock after acquiring an additional 1,184 shares during the period. Victory Capital Management Inc.’s holdings in Valmont Industries were worth $1,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VMI. Foundry Partners LLC acquired a new stake in Valmont Industries during the 3rd quarter valued at approximately $4,158,000. Covea Finance raised its stake in shares of Valmont Industries by 29.9% in the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after purchasing an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Valmont Industries in the 3rd quarter worth approximately $466,000. De Lisle Partners LLP increased its stake in Valmont Industries by 44.6% during the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its position in shares of Valmont Industries by 69.9% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock valued at $2,113,000 after buying an additional 2,997 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 0.1 %

Shares of NYSE:VMI opened at $327.21 on Tuesday. The firm has a 50 day simple moving average of $331.36 and a 200 day simple moving average of $318.38. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The company has a market cap of $6.57 billion, a PE ratio of 19.05 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the prior year, the company earned $3.18 earnings per share. As a group, research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a $0.68 dividend. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. Valmont Industries’s dividend payout ratio is currently 15.83%.

Analyst Ratings Changes

VMI has been the topic of a number of recent research reports. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. DA Davidson downgraded shares of 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. Finally, Stifel Nicolaus upped their target price on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 19th.

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.