Townsquare Capital LLC Increases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Townsquare Capital LLC grew its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 8.6% in the fourth quarter, HoldingsChannel reports. The firm owned 11,685 shares of the industrial products company’s stock after buying an additional 921 shares during the quarter. Townsquare Capital LLC’s holdings in Valmont Industries were worth $3,583,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of Valmont Industries by 6.9% during the 3rd quarter. Stifel Financial Corp now owns 12,581 shares of the industrial products company’s stock worth $3,648,000 after acquiring an additional 808 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Valmont Industries by 219.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 403 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 277 shares in the last quarter. Barclays PLC raised its stake in Valmont Industries by 91.6% during the third quarter. Barclays PLC now owns 14,488 shares of the industrial products company’s stock valued at $4,200,000 after purchasing an additional 6,927 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Valmont Industries by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock worth $97,428,000 after buying an additional 4,940 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Valmont Industries in the 3rd quarter worth about $209,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VMI has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price target on shares of Valmont Industries from $425.00 to $343.00 and set a “buy” rating for the company in a report on Monday. William Blair cut Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. Finally, DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th.

Valmont Industries Stock Performance

Valmont Industries stock opened at $284.37 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a market capitalization of $5.71 billion, a P/E ratio of 16.55 and a beta of 1.07. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The company’s 50-day moving average is $315.30 and its 200 day moving average is $319.89.

Valmont Industries (NYSE:VMI) last released its 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 analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm posted $3.18 earnings per share. Research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The business also recently announced 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. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Friday, March 28th. Valmont Industries’s payout ratio is currently 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.