Y Intercept Hong Kong Ltd Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Y Intercept Hong Kong Ltd acquired a new position in shares of Valmont Industries, Inc. (NYSE:VMI) in the 4th quarter, HoldingsChannel reports. The fund acquired 6,626 shares of the industrial products company’s stock, valued at approximately $2,032,000.

Several other institutional investors also recently bought and sold shares of VMI. Raymond James & Associates grew its stake in Valmont Industries by 3.0% during the third quarter. Raymond James & Associates now owns 13,934 shares of the industrial products company’s stock worth $4,040,000 after buying an additional 407 shares during the period. Signaturefd LLC boosted its stake in shares of Valmont Industries by 35.4% in the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Valmont Industries by 1.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock valued at $674,000 after purchasing an additional 35 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Valmont Industries by 69.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 15,250 shares of the industrial products company’s stock valued at $4,390,000 after purchasing an additional 6,250 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Valmont Industries by 3.8% in the third quarter. State of Alaska Department of Revenue now owns 2,342 shares of the industrial products company’s stock valued at $679,000 after purchasing an additional 85 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VMI has been the subject of several analyst reports. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Stifel Nicolaus upped their target price 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. Finally, 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.

Insider Activity at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the sale, the director now directly owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Valmont Industries Trading Down 1.6 %

VMI opened at $343.46 on Tuesday. The stock has a market capitalization of $6.88 billion, a PE ratio of 19.99 and a beta of 1.05. The firm’s fifty day moving average price is $324.34 and its 200 day moving average price is $313.12. 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, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period in the prior year, the company posted $3.18 earnings per share. As a group, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a yield of 0.79%. Valmont Industries’s dividend payout ratio is currently 15.83%.

Valmont Industries Company 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.