Tudor Investment Corp ET AL acquired a new position in Valmont Industries, Inc. (NYSE:VMI – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,511 shares of the industrial products company’s stock, valued at approximately $1,749,000.
Several other large investors also recently bought and sold shares of VMI. AQR Capital Management LLC increased its holdings in Valmont Industries by 118.8% in the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after buying an additional 153,418 shares in the last quarter. Schroder Investment Management Group increased its holdings in Valmont Industries by 882.8% in the 3rd quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock worth $37,829,000 after buying an additional 88,893 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in Valmont Industries by 179.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock worth $38,320,000 after buying an additional 75,377 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Valmont Industries by 35.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 253,735 shares of the industrial products company’s stock worth $98,381,000 after buying an additional 65,970 shares in the last quarter. Finally, Amundi increased its holdings in Valmont Industries by 49.7% in the 3rd quarter. Amundi now owns 154,629 shares of the industrial products company’s stock worth $59,989,000 after buying an additional 51,309 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.
Valmont Industries Trading Down 0.1%
Shares of NYSE:VMI opened at $425.54 on Monday. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 25.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.58 and a current ratio of 2.35. The stock’s 50-day simple moving average is $434.42 and its two-hundred day simple moving average is $420.12. Valmont Industries, Inc. has a 52-week low of $267.02 and a 52-week high of $487.58.
Valmont Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, March 27th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, March 27th. This is an increase from Valmont Industries’s previous quarterly dividend of $0.68. Valmont Industries’s payout ratio is presently 18.31%.
Analyst Upgrades and Downgrades
Several research firms recently commented on VMI. Wall Street Zen downgraded Valmont Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Stifel Nicolaus lifted their price objective on Valmont Industries from $492.00 to $501.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Friday, March 27th. DA Davidson raised their target price on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised their target price on Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $487.00.
Get Our Latest Report on Valmont Industries
Valmont Industries Profile
Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.
The company operates through several core business segments.
Recommended Stories
Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI – Free Report).
Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.
