Quantbot Technologies LP Has $2.23 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Quantbot Technologies LP trimmed its position in Valmont Industries, Inc. (NYSE:VMI) by 18.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,285 shares of the industrial products company’s stock after selling 1,641 shares during the period. Quantbot Technologies LP’s holdings in Valmont Industries were worth $2,234,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Covea Finance raised its holdings in Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after buying an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Valmont Industries during the 3rd quarter worth approximately $466,000. De Lisle Partners LLP raised its holdings in Valmont Industries by 44.6% during the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after buying an additional 5,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Valmont Industries by 70.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company’s stock worth $14,182,000 after buying an additional 19,096 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Valmont Industries during the 3rd quarter worth approximately $698,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Price Performance

NYSE VMI opened at $285.69 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. The company has a market capitalization of $5.73 billion, a PE ratio of 16.63 and a beta of 0.98. The firm’s 50 day moving average is $332.20 and its 200-day moving average is $319.40.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $3.18 earnings per share. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date is Friday, March 28th. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.95%. Valmont Industries’s dividend payout ratio (DPR) is currently 15.83%.

Wall Street Analysts Forecast Growth

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

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.