1,092 Shares in Valmont Industries, Inc. (NYSE:VMI) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the 4th quarter, HoldingsChannel reports. The firm acquired 1,092 shares of the industrial products company’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VMI. Charles Schwab Investment Management Inc. raised its holdings in shares of Valmont Industries by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,604 shares of the industrial products company’s stock worth $78,752,000 after buying an additional 3,501 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Valmont Industries during the third quarter worth about $558,000. Bank of Montreal Can lifted its holdings in shares of Valmont Industries by 371.6% in the third quarter. Bank of Montreal Can now owns 21,927 shares of the industrial products company’s stock worth $6,338,000 after acquiring an additional 17,278 shares during the last quarter. FMR LLC boosted its stake in shares of Valmont Industries by 4.0% in the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock valued at $101,316,000 after purchasing an additional 13,509 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Valmont Industries during the 3rd quarter valued at approximately $2,588,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $299.39 on Friday. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $330.54 and a two-hundred day moving average price of $319.59. The company has a market cap of $6.01 billion, a P/E ratio of 17.43 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.21. The business 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 prior year, the firm earned $3.18 earnings per share. As a group, analysts anticipate 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. Investors of record on Friday, March 28th will be given a $0.68 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.91%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

Analyst Ratings Changes

Several brokerages recently commented on VMI. Stifel Nicolaus increased their price objective 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. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 19th. William Blair cut Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Finally, DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a report on Wednesday, February 19th.

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.