Nomura Holdings Inc. Invests $815,000 in Valmont Industries, Inc. (NYSE:VMI)

Nomura Holdings Inc. bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,658 shares of the industrial products company’s stock, valued at approximately $815,000.

A number of other hedge funds have also modified their holdings of VMI. Aster Capital Management DIFC Ltd lifted its holdings in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 123 shares during the period. Quarry LP lifted its holdings in shares of Valmont Industries by 395.1% during the fourth quarter. Quarry LP now owns 203 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 162 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 56 shares during the period. Parkside Financial Bank & Trust lifted 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 worth $76,000 after purchasing an additional 36 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 141 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VMI shares. DA Davidson downgraded 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. Stifel Nicolaus increased their price target on Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. William Blair raised Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. Finally, StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th.

Valmont Industries Trading Down 0.9%

NYSE:VMI opened at $322.60 on Tuesday. The stock has a fifty day moving average price of $296.75 and a two-hundred day moving average price of $319.14. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 18.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. Valmont Industries, Inc. has a 1 year low of $244.83 and a 1 year high of $379.22.

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

Valmont Industries Dividend Announcement

The company also recently declared 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, June 27th. Valmont Industries’s dividend payout ratio is currently 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.