Foundry Partners LLC Boosts Stake in Valmont Industries, Inc. (NYSE:VMI)

Foundry Partners LLC boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,909 shares of the industrial products company’s stock after acquiring an additional 2,570 shares during the period. Foundry Partners LLC owned 0.08% of Valmont Industries worth $5,185,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Paloma Partners Management Co acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $313,000. Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries in the 3rd quarter worth $58,000. Point72 DIFC Ltd acquired a new position in shares of Valmont Industries during the 3rd quarter valued at about $787,000. Quantinno Capital Management LP grew its holdings in shares of Valmont Industries by 30.3% in the third quarter. Quantinno Capital Management LP now owns 10,773 shares of the industrial products company’s stock valued at $3,124,000 after purchasing an additional 2,503 shares during the period. Finally, Stifel Financial Corp increased its position in Valmont Industries by 6.9% during the third quarter. Stifel Financial Corp now owns 12,581 shares of the industrial products company’s stock worth $3,648,000 after purchasing an additional 808 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

NYSE:VMI opened at $265.58 on Friday. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The company has a 50 day moving average price of $323.80 and a 200 day moving average price of $320.13. The stock has a market capitalization of $5.33 billion, a P/E ratio of 15.46 and a beta of 1.07.

Valmont Industries (NYSE:VMI) last released its quarterly 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same period last year, the business posted $3.18 earnings per share. Equities research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.