Raymond James & Associates Acquires 1,987 Shares of Valmont Industries, Inc. (NYSE:VMI)

Raymond James & Associates lifted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 19.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,436 shares of the industrial products company’s stock after acquiring an additional 1,987 shares during the period. Raymond James & Associates’ holdings in Valmont Industries were worth $2,904,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMI. Copeland Capital Management LLC bought a new position in shares of Valmont Industries during the 3rd quarter worth about $51,814,000. Norges Bank bought a new position in Valmont Industries during the 4th quarter valued at about $64,415,000. Impax Asset Management Group plc lifted its holdings in Valmont Industries by 22.6% during the 3rd quarter. Impax Asset Management Group plc now owns 797,247 shares of the industrial products company’s stock valued at $191,507,000 after purchasing an additional 146,798 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Valmont Industries by 139.6% during the 3rd quarter. Victory Capital Management Inc. now owns 204,584 shares of the industrial products company’s stock valued at $49,143,000 after purchasing an additional 119,201 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Valmont Industries by 19.9% during the 1st quarter. JPMorgan Chase & Co. now owns 639,546 shares of the industrial products company’s stock valued at $204,195,000 after purchasing an additional 106,268 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Trading Down 2.1 %

Shares of NYSE VMI opened at $217.40 on Monday. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $315.88. The company has a market cap of $4.40 billion, a PE ratio of 32.26 and a beta of 1.03. The company has a current ratio of 2.47, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average of $221.14 and a two-hundred day moving average of $222.33.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $3.46 earnings per share. The company’s revenue was down 11.6% on a year-over-year basis. As a group, equities analysts expect that Valmont Industries, Inc. will post 14.75 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 27th. Valmont Industries’s dividend payout ratio is 35.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. DA Davidson dropped their target price on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $249.00 target price on shares of Valmont Industries in a research note on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $262.00.

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.