Martingale Asset Management L P Buys Shares of 7,199 Valmont Industries, Inc. (NYSE:VMI)

Martingale Asset Management L P purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,199 shares of the industrial products company’s stock, valued at approximately $2,208,000.

A number of other large investors also recently modified their holdings of VMI. Sunbelt Securities Inc. acquired a new position in shares of Valmont Industries in the third quarter worth approximately $35,000. Aster Capital Management DIFC Ltd grew its stake in Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 123 shares during the period. Point72 Asset Management L.P. acquired a new position in Valmont Industries during the third quarter worth $58,000. Avior Wealth Management LLC lifted its stake in shares of Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after buying an additional 56 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after buying an additional 36 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $277.86 on Friday. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 16.17 and a beta of 1.07. The company’s fifty day moving average price is $317.04 and its 200-day moving average price is $319.72.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping 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 net margin of 8.55% and a return on equity of 23.15%. During the same period in the prior year, the business posted $3.18 earnings per share. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, March 28th. Valmont Industries’s dividend payout ratio is currently 15.83%.

Wall Street Analyst Weigh In

VMI has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price 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. DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research report on Wednesday, February 19th. William Blair lowered Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Finally, StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th.

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.