Dynamic Technology Lab Private Ltd Has $1.26 Million Stake in Valmont Industries, Inc. (NYSE:VMI)

Dynamic Technology Lab Private Ltd grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 113.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,110 shares of the industrial products company’s stock after purchasing an additional 2,187 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Valmont Industries were worth $1,260,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in Valmont Industries in the third quarter valued at about $58,000. Quantinno Capital Management LP raised its position in shares of Valmont Industries by 30.3% in the 3rd quarter. Quantinno Capital Management LP now owns 10,773 shares of the industrial products company’s stock valued at $3,124,000 after buying an additional 2,503 shares in the last quarter. Stifel Financial Corp raised its position in shares of Valmont Industries by 6.9% in the 3rd quarter. Stifel Financial Corp now owns 12,581 shares of the industrial products company’s stock valued at $3,648,000 after buying an additional 808 shares in the last quarter. State Street Corp boosted its position in shares of Valmont Industries by 1.1% during the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock worth $186,204,000 after acquiring an additional 6,913 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Valmont Industries by 16.3% in the third quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock valued at $71,825,000 after acquiring an additional 34,772 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Valmont Industries Trading Down 4.5 %

NYSE VMI opened at $265.58 on Friday. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 15.46 and a beta of 1.07. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve 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 business’s fifty day moving average is $323.80 and its 200 day moving average is $320.42.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $3.18 earnings per share. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 represents a $2.72 annualized dividend and a dividend yield of 1.02%. 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%.

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.