Valmont Industries, Inc. (NYSE:VMI) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC increased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,909 shares of the industrial products company’s stock after purchasing an additional 2,570 shares during the quarter. Foundry Partners LLC’s holdings in Valmont Industries were worth $5,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Valmont Industries during the fourth quarter worth about $67,822,000. Franklin Resources Inc. lifted its stake in Valmont Industries by 57.6% in the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after acquiring an additional 148,811 shares during the last quarter. US Bancorp DE grew its holdings in Valmont Industries by 2,077.0% during the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock worth $18,026,000 after acquiring an additional 56,079 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Valmont Industries by 16.3% in the 3rd quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock valued at $71,825,000 after purchasing an additional 34,772 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Valmont Industries in the 4th quarter valued at $8,275,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

NYSE VMI opened at $265.58 on Friday. The company has a fifty day moving average of $323.80 and a two-hundred day moving average of $320.13. The company has a market capitalization of $5.33 billion, a PE ratio of 15.46 and a beta of 1.07. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI) last released its quarterly 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. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter last year, the business posted $3.18 EPS. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a $0.68 dividend. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 1.02%. Valmont Industries’s dividend payout ratio is 15.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VMI shares. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. Stifel Nicolaus increased their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. William Blair lowered Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st. Finally, StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th.

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.