Signaturefd LLC Purchases 56 Shares of Valmont Industries, Inc. (NYSE:VMI)

Signaturefd LLC lifted its position in Valmont Industries, Inc. (NYSE:VMI) by 37.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206 shares of the industrial products company’s stock after buying an additional 56 shares during the quarter. Signaturefd LLC’s holdings in Valmont Industries were worth $48,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VMI. Impax Asset Management Group plc grew its stake in shares of Valmont Industries by 22.6% in the third quarter. Impax Asset Management Group plc now owns 797,247 shares of the industrial products company’s stock valued at $191,507,000 after buying an additional 146,798 shares in 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. Vaughan Nelson Investment Management L.P. acquired a new stake in Valmont Industries during the 4th quarter valued at $22,332,000. Robeco Schweiz AG acquired a new stake in Valmont Industries during the 3rd quarter valued at $21,939,000. Finally, Boston Partners lifted its holdings in Valmont Industries by 861.1% during the 3rd quarter. Boston Partners now owns 90,651 shares of the industrial products company’s stock valued at $21,383,000 after purchasing an additional 81,219 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Up 17.8 %

Shares of NYSE VMI opened at $244.72 on Friday. 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 market cap of $4.95 billion, a price-to-earnings ratio of 36.31 and a beta of 1.05. Valmont Industries, Inc. has a 12 month low of $188.63 and a 12 month high of $303.57. The stock has a 50-day moving average price of $215.91 and a two-hundred day moving average price of $220.13.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $1.08. Valmont Industries had a return on equity of 20.69% and a net margin of 3.44%. The company had revenue of $977.83 million during the quarter, compared to the consensus estimate of $986.98 million. During the same quarter in the prior year, the firm posted $3.54 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. As a group, analysts forecast that Valmont Industries, Inc. will post 14.9 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, March 27th. Valmont Industries’s dividend payout ratio is currently 35.61%.

Wall Street Analysts Forecast Growth

VMI has been the subject of a number of recent research reports. StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. Stifel Nicolaus reissued a “buy” rating and issued a $249.00 target price on shares of Valmont Industries in a research report on Monday, March 25th. Finally, DA Davidson reduced 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 report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $262.00.

About Valmont Industries

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.