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

Kapitalo Investimentos Ltda purchased a new stake in Valmont Industries, Inc. (NYSE:VMI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 808 shares of the industrial products company’s stock, valued at approximately $248,000.

A number of other hedge funds also recently modified their holdings of VMI. Schonfeld Strategic Advisors LLC increased its position in shares of Valmont Industries by 98.2% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 9,139 shares of the industrial products company’s stock valued at $2,803,000 after purchasing an additional 4,529 shares during the period. AQR Capital Management LLC increased its holdings in Valmont Industries by 61.7% in the 4th quarter. AQR Capital Management LLC now owns 17,258 shares of the industrial products company’s stock valued at $5,277,000 after buying an additional 6,588 shares during the period. Northern Trust Corp raised its stake in shares of Valmont Industries by 20.8% in the 4th quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company’s stock valued at $61,812,000 after buying an additional 34,666 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Valmont Industries by 118.9% during the 4th quarter. Tudor Investment Corp ET AL now owns 7,843 shares of the industrial products company’s stock worth $2,405,000 after acquiring an additional 4,260 shares during the period. Finally, Quarry LP boosted its position in shares of 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 acquiring an additional 162 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. DA Davidson cut 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 note on Wednesday, February 19th. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th. William Blair upgraded Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd.

Valmont Industries Stock Up 0.7 %

Shares of NYSE VMI opened at $295.24 on Wednesday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. The firm’s 50-day simple moving average is $303.84 and its 200 day simple moving average is $319.17. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 17.19 and a beta of 1.07.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (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 company had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. On average, research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

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

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.