Driehaus Capital Management LLC Purchases New Shares in Valmont Industries, Inc. (NYSE:VMI)

Driehaus Capital Management LLC purchased a new position in Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,238 shares of the industrial products company’s stock, valued at approximately $14,180,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMI. Aster Capital Management DIFC Ltd raised 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 valued at $59,000 after acquiring an additional 123 shares during the period. Quarry LP raised its stake in Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 162 shares during the period. Avior Wealth Management LLC raised its stake in 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 period. Parkside Financial Bank & Trust lifted its holdings in shares of Valmont Industries by 16.9% in the fourth 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 in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock worth $95,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI stock opened at $308.61 on Friday. Valmont Industries, Inc. has a fifty-two week low of $244.83 and a fifty-two week high of $379.22. The stock’s 50-day moving average is $297.44 and its two-hundred day moving average is $319.03. 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 cap of $6.19 billion, a P/E ratio of 17.96 and a beta of 1.10.

Valmont Industries (NYSE:VMI) last released 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. The firm had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. Analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries’s payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. William Blair raised Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. Finally, Stifel Nicolaus increased 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.

About Valmont Industries

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.