Tower Research Capital LLC TRC Raises Holdings in Valmont Industries, Inc. (NYSE:VMI)

Tower Research Capital LLC TRC lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 130.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,722 shares of the industrial products company’s stock after acquiring an additional 974 shares during the period. Tower Research Capital LLC TRC’s holdings in Valmont Industries were worth $528,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Covea Finance grew its stake in shares of Valmont Industries by 29.9% during the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after acquiring an additional 3,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Valmont Industries by 70.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company’s stock worth $14,182,000 after purchasing an additional 19,096 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Valmont Industries by 16.9% during the fourth quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company’s stock worth $5,326,000 after purchasing an additional 2,521 shares during the period. Trexquant Investment LP lifted its holdings in shares of Valmont Industries by 73.6% during the fourth quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company’s stock worth $9,300,000 after purchasing an additional 12,854 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Valmont Industries by 2,077.0% during the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock worth $18,026,000 after purchasing an additional 56,079 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 0.1 %

Shares of NYSE:VMI opened at $293.20 on Tuesday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. The company has a market capitalization of $5.88 billion, a PE ratio of 17.07 and a beta of 1.07. The business has a 50 day moving average of $305.19 and a two-hundred day moving average of $319.34. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating 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 company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. As a group, analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.93%. Valmont Industries’s payout ratio is 15.83%.

Analyst Upgrades and Downgrades

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

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.