Quantinno Capital Management LP Has $6.25 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Quantinno Capital Management LP increased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 89.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,384 shares of the industrial products company’s stock after purchasing an additional 9,611 shares during the quarter. Quantinno Capital Management LP’s holdings in Valmont Industries were worth $6,251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd grew its position in 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 buying an additional 123 shares in the last quarter. Quarry LP grew its position in 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 buying an additional 162 shares in the last quarter. Avior Wealth Management LLC grew its position in 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 buying an additional 56 shares in the last quarter. Parkside Financial Bank & Trust grew its position in 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 buying an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in 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 buying an additional 141 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Valmont Industries Stock Up 1.9%

Shares of VMI opened at $325.57 on Friday. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 18.95 and a beta of 1.10. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12 month low of $244.83 and a 12 month high of $379.22. The company has a 50-day moving average price of $296.83 and a two-hundred day moving average price of $319.02.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results 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 net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $969.31 million during the quarter, compared to analysts’ expectations of $976.04 million. Equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a dividend of $0.68 per share. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.84%. Valmont Industries’s dividend payout ratio is 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.