Boston Partners Buys 17,935 Shares of Valmont Industries, Inc. (NYSE:VMI)

Boston Partners boosted its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 16.6% in the fourth quarter, HoldingsChannel reports. The fund owned 125,878 shares of the industrial products company’s stock after acquiring an additional 17,935 shares during the period. Boston Partners’ holdings in Valmont Industries were worth $39,153,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its position in Valmont Industries by 12.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 31 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Valmont Industries by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock valued at $1,211,000 after acquiring an additional 34 shares during the period. PNC Financial Services Group Inc. lifted its position in Valmont Industries by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock valued at $472,000 after acquiring an additional 35 shares during the period. Parkside Financial Bank & Trust lifted its position in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 36 shares during the period. Finally, Arizona State Retirement System lifted its position in Valmont Industries by 0.7% during the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock valued at $1,795,000 after acquiring an additional 38 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Stock Up 2.5 %

Shares of Valmont Industries stock opened at $330.58 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a market capitalization of $6.64 billion, a PE ratio of 19.24 and a beta of 0.98. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22. The company has a 50-day simple moving average of $332.14 and a two-hundred day simple moving average of $318.72.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating 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 firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company earned $3.18 earnings per share. On average, analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.82%. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

VMI has been the subject of a number of recent research reports. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted 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.

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.