808 Shares in Valmont Industries, Inc. (NYSE:VMI) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 808 shares of the industrial products company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VMI. Barclays PLC raised its holdings in shares of Valmont Industries by 91.6% during the third quarter. Barclays PLC now owns 14,488 shares of the industrial products company’s stock worth $4,200,000 after acquiring an additional 6,927 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Valmont Industries by 12.2% during the 3rd quarter. Tidal Investments LLC now owns 5,809 shares of the industrial products company’s stock valued at $1,684,000 after buying an additional 633 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Valmont Industries by 65.7% in the 3rd quarter. Synovus Financial Corp now owns 3,837 shares of the industrial products company’s stock valued at $1,113,000 after buying an additional 1,522 shares in the last quarter. Franklin Resources Inc. increased its holdings in Valmont Industries by 57.6% in the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after buying an additional 148,811 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Valmont Industries by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock valued at $84,927,000 after acquiring an additional 24,224 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

VMI has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. William Blair upgraded Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th. Finally, DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th.

Valmont Industries Stock Performance

Shares of VMI opened at $295.24 on Wednesday. The company has a market capitalization of $5.93 billion, a PE ratio of 17.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company’s fifty day moving average price is $303.84 and its 200 day moving average price is $319.17.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.92%. Valmont Industries’s dividend payout ratio is 15.83%.

Valmont Industries 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.