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

Sei Investments Co. grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,302 shares of the industrial products company’s stock after purchasing an additional 20,744 shares during the quarter. Sei Investments Co. owned approximately 1.36% of Valmont Industries worth $83,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Covea Finance grew its position in shares of Valmont Industries by 29.9% during the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after acquiring an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Valmont Industries during the third quarter worth approximately $466,000. De Lisle Partners LLP grew its position in shares of Valmont Industries by 44.6% during the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after acquiring an additional 5,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Valmont Industries by 70.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company’s stock worth $14,182,000 after acquiring an additional 19,096 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Valmont Industries during the third quarter worth approximately $698,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VMI. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. William Blair lowered shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $285.69 on Friday. The firm has a market capitalization of $5.73 billion, a P/E ratio of 16.63 and a beta of 0.98. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company’s fifty day moving average is $332.20 and its two-hundred day moving average is $319.07. 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 (NYSE:VMI) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $3.18 EPS. Analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s payout ratio is 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.