Raiffeisen Bank International AG Buys Shares of 25,000 Valmont Industries, Inc. (NYSE:VMI)

Raiffeisen Bank International AG bought a new stake in Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,000 shares of the industrial products company’s stock, valued at approximately $7,635,000. Raiffeisen Bank International AG owned 0.12% of Valmont Industries at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. lifted its stake in Valmont Industries by 4,627.0% in the fourth quarter. Point72 Asset Management L.P. now owns 9,454 shares of the industrial products company’s stock valued at $2,899,000 after buying an additional 9,254 shares during the period. Point72 Hong Kong Ltd increased its holdings in shares of Valmont Industries by 117.2% in the fourth quarter. Point72 Hong Kong Ltd now owns 3,460 shares of the industrial products company’s stock worth $1,061,000 after acquiring an additional 1,867 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Valmont Industries by 89.2% in the fourth quarter. Quantinno Capital Management LP now owns 20,384 shares of the industrial products company’s stock worth $6,251,000 after acquiring an additional 9,611 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Valmont Industries in the fourth quarter worth about $815,000. Finally, Nuveen Asset Management LLC increased its holdings in shares of Valmont Industries by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 57,362 shares of the industrial products company’s stock worth $17,591,000 after acquiring an additional 3,202 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Up 0.1%

NYSE:VMI opened at $318.49 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The company has a market cap of $6.39 billion, a PE ratio of 18.54 and a beta of 1.10. Valmont Industries, Inc. has a 52-week low of $244.83 and a 52-week high of $379.22. The stock has a 50-day simple moving average of $296.76 and a 200 day simple moving average of $318.97.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data 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. The business had revenue of $969.31 million during 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%. On average, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. Valmont Industries’s dividend payout ratio is 15.83%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VMI. William Blair upgraded Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. 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. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. Finally, 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.

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.