Dynamic Technology Lab Private Ltd Buys 2,187 Shares of Valmont Industries, Inc. (NYSE:VMI)

Dynamic Technology Lab Private Ltd grew its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 113.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,110 shares of the industrial products company’s stock after purchasing an additional 2,187 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Valmont Industries were worth $1,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Covea Finance lifted its holdings in Valmont Industries by 29.9% in the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after buying an additional 3,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Valmont Industries by 70.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company’s stock valued at $14,182,000 after purchasing an additional 19,096 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Valmont Industries during the 3rd quarter valued at about $698,000. Nordea Investment Management AB grew its stake in Valmont Industries by 16.9% during the fourth quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company’s stock worth $5,326,000 after purchasing an additional 2,521 shares during the period. Finally, US Bancorp DE increased its holdings in Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock worth $18,026,000 after purchasing an additional 56,079 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analysts Set New Price Targets

VMI has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. William Blair downgraded shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, March 21st. Finally, DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th.

Valmont Industries Stock Performance

Shares of VMI stock opened at $265.58 on Friday. 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 firm has a fifty day simple moving average of $323.80 and a two-hundred day simple moving average of $320.42. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22. The firm has a market capitalization of $5.33 billion, a PE ratio of 15.46 and a beta of 1.07.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $3.18 earnings per share. Analysts forecast that Valmont Industries, Inc. will post 18.07 EPS 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. Investors of record on Friday, March 28th will be given a dividend of $0.68 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 1.02%. Valmont Industries’s payout ratio is presently 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.