Valmont Industries, Inc. (NYSE:VMI) Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 70.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,244 shares of the industrial products company’s stock after purchasing an additional 19,096 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Valmont Industries were worth $14,182,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Foundry Partners LLC bought a new stake in Valmont Industries during the third quarter worth approximately $4,158,000. Covea Finance boosted its stake in Valmont Industries by 29.9% in the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after purchasing an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Valmont Industries in the 3rd quarter worth approximately $466,000. De Lisle Partners LLP boosted its stake in Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after purchasing an additional 5,800 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Valmont Industries by 12.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock worth $60,497,000 after purchasing an additional 23,765 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on VMI shares. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, DA Davidson lowered 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.

Valmont Industries Stock Up 1.8 %

VMI stock opened at $326.72 on Thursday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 19.02 and a beta of 0.98. The company has a 50 day moving average of $330.35 and a two-hundred day moving average of $317.30.

Valmont Industries (NYSE:VMI) last released 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 net margin of 8.55% and a return on equity of 23.15%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. On average, equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.83%. Valmont Industries’s dividend payout ratio is presently 15.83%.

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.