Boston Partners Boosts Stake in Valmont Industries, Inc. (NYSE:VMI)

Boston Partners grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,878 shares of the industrial products company’s stock after buying an additional 17,935 shares during the quarter. Boston Partners owned 0.63% of Valmont Industries worth $39,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in VMI. Sunbelt Securities Inc. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $35,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $58,000. Avior Wealth Management LLC grew its holdings in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 36 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Valmont Industries by 12.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on VMI. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a report on Wednesday, February 19th. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th.

Valmont Industries Price Performance

Shares of Valmont Industries stock opened at $330.58 on Thursday. The firm has a market cap of $6.64 billion, a PE ratio of 19.24 and a beta of 0.98. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. 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 company’s fifty day simple moving average is $332.14 and its two-hundred day simple moving average is $318.72.

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

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.68 per share. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.82%. Valmont Industries’s payout ratio is presently 15.83%.

Valmont Industries Company Profile

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.