832 Shares in Valmont Industries, Inc. (NYSE:VMI) Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd purchased a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 832 shares of the industrial products company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. grew its holdings in shares of Valmont Industries by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock worth $1,211,000 after buying an additional 34 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Valmont Industries by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock worth $472,000 after buying an additional 35 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Valmont Industries by 16.9% in the 4th 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. Arizona State Retirement System boosted its holdings in Valmont Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock valued at $1,795,000 after purchasing an additional 38 shares in the last quarter. Finally, Diametric Capital LP boosted its holdings in Valmont Industries by 2.2% in the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company’s stock valued at $546,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

VMI stock opened at $319.98 on Wednesday. The firm has a 50 day moving average of $296.78 and a 200-day moving average of $319.15. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 18.63 and a beta of 1.10.

Valmont Industries (NYSE:VMI) last posted 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 net margin of 8.55% and a return on equity of 23.15%. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. As a group, equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a report on Wednesday, February 19th. Finally, William Blair raised Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd.

Valmont Industries 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.