7,530 Shares in Valmont Industries, Inc. (NYSE:VMI) Purchased by Mubadala Investment Co PJSC

Mubadala Investment Co PJSC acquired a new position in Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,530 shares of the industrial products company’s stock, valued at approximately $2,309,000.

Several other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in Valmont Industries by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock worth $1,211,000 after buying an additional 34 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Valmont Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock worth $472,000 after buying an additional 35 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock worth $76,000 after buying an additional 36 shares during the last quarter. Arizona State Retirement System boosted its holdings in Valmont Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock worth $1,795,000 after buying an additional 38 shares during the last quarter. Finally, Diametric Capital LP boosted its holdings in Valmont Industries by 2.2% in the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company’s stock worth $546,000 after buying an additional 39 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VMI. William Blair upgraded Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. Stifel Nicolaus raised their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th. Finally, DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research note on Wednesday, February 19th.

Valmont Industries Trading Up 4.2%

VMI opened at $322.21 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 company’s 50 day simple moving average is $297.11 and its two-hundred day simple moving average is $319.01. Valmont Industries, Inc. has a 1-year low of $244.83 and a 1-year high of $379.22. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 18.76 and a beta of 1.10.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.08. The business had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries’s payout ratio is presently 15.83%.

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.