Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 8.2% in the 4th quarter, HoldingsChannel reports. The firm owned 273,302 shares of the industrial products company’s stock after purchasing an additional 20,744 shares during the period. Sei Investments Co.’s holdings in Valmont Industries were worth $83,814,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in Valmont Industries by 12.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 31 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Valmont Industries by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock valued at $1,211,000 after purchasing an additional 34 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Valmont Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 35 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 36 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Valmont Industries by 0.7% during 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 acquiring an additional 38 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

VMI has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research note on Wednesday, February 19th. William Blair downgraded shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th.

Valmont Industries Stock Down 12.5 %

Shares of NYSE:VMI opened at $285.69 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. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The stock has a market capitalization of $5.73 billion, a P/E ratio of 16.63 and a beta of 0.98. The stock has a 50-day simple moving average of $332.20 and a 200-day simple moving average of $319.07.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business earned $3.18 EPS. Equities analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, March 28th. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is currently 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.