Alliancebernstein L.P. Has $12.50 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Alliancebernstein L.P. grew its holdings in Valmont Industries, Inc. (NYSE:VMI) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,748 shares of the industrial products company’s stock after buying an additional 8,047 shares during the quarter. Alliancebernstein L.P.’s holdings in Valmont Industries were worth $12,496,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in shares of Valmont Industries in the 3rd quarter valued at $35,000. Point72 Asset Management L.P. bought a new stake in shares of Valmont Industries in the 3rd quarter worth about $58,000. Avior Wealth Management LLC grew its holdings in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of 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 purchasing an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Valmont Industries by 83.4% in the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. 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 report on Wednesday, February 19th. Stifel Nicolaus upped 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. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. Finally, William Blair lowered shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st.

Valmont Industries Stock Up 7.6 %

Shares of NYSE:VMI opened at $284.85 on Thursday. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22. The company’s 50-day moving average price is $317.98 and its two-hundred day moving average price is $319.78. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.72 billion, a P/E ratio of 16.58 and a beta of 1.07.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $3.18 EPS. As a group, research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The firm 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 $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, March 28th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is 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.