Quadrature Capital Ltd Acquires 1,407 Shares of Valmont Industries, Inc. (NYSE:VMI)

Quadrature Capital Ltd raised its holdings in Valmont Industries, Inc. (NYSE:VMIFree Report) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,324 shares of the industrial products company’s stock after buying an additional 1,407 shares during the quarter. Quadrature Capital Ltd owned 0.12% of Valmont Industries worth $5,680,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on VMI shares. Stifel Nicolaus reissued a “buy” rating and set a $249.00 price objective on shares of Valmont Industries in a report on Monday, March 25th. StockNews.com lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. Finally, DA Davidson decreased their price objective on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $262.00.

Get Our Latest Analysis on Valmont Industries

Valmont Industries Trading Up 1.0 %

Valmont Industries stock traded up $2.53 during trading hours on Friday, reaching $256.20. 158,175 shares of the company’s stock traded hands, compared to its average volume of 141,565. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.65 and a current ratio of 2.64. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $303.57. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 33.75 and a beta of 1.04. The firm’s 50 day moving average is $236.25 and its 200-day moving average is $227.96.

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

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.60 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.94%. Valmont Industries’s dividend payout ratio is 31.62%.

Valmont Industries Profile

(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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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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