Hillsdale Investment Management Inc. Acquires 100 Shares of Valmont Industries, Inc. (NYSE:VMI)

Hillsdale Investment Management Inc. lifted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,605 shares of the industrial products company’s stock after purchasing an additional 100 shares during the period. Hillsdale Investment Management Inc.’s holdings in Valmont Industries were worth $799,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Sei Investments Co. lifted its position in Valmont Industries by 8.2% during the 4th quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company’s stock worth $83,814,000 after buying an additional 20,744 shares in the last quarter. American Century Companies Inc. increased its position in shares of Valmont Industries by 58.6% in the fourth quarter. American Century Companies Inc. now owns 55,006 shares of the industrial products company’s stock valued at $16,869,000 after acquiring an additional 20,332 shares during the last quarter. Virtu Financial LLC bought a new stake in Valmont Industries during the fourth quarter worth about $335,000. Summit Global Investments acquired a new position in Valmont Industries during the fourth quarter valued at approximately $737,000. Finally, Teacher Retirement System of Texas grew its stake in Valmont Industries by 193.2% in the fourth quarter. Teacher Retirement System of Texas now owns 13,078 shares of the industrial products company’s stock valued at $4,011,000 after purchasing an additional 8,617 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VMI. StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th. William Blair cut shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday. 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 note on Wednesday, February 19th. Finally, Stifel Nicolaus raised 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.

Valmont Industries Stock Down 12.5 %

VMI opened at $285.69 on Monday. The stock’s fifty day simple moving average is $332.20 and its 200 day simple moving average is $319.40. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The stock has a market cap of $5.73 billion, a PE ratio of 16.63 and a beta of 0.98. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last posted 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 analysts’ expectations of $1.01 billion. During the same quarter last year, the company posted $3.18 EPS. As a group, research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

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