Bryce Point Capital LLC Invests $552,000 in Valmont Industries, Inc. (NYSE:VMI)

Bryce Point Capital LLC acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 1,801 shares of the industrial products company’s stock, valued at approximately $552,000.

Several other large investors also recently bought and sold shares of VMI. Covea Finance boosted its holdings in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after acquiring an additional 3,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Valmont Industries by 70.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company’s stock worth $14,182,000 after purchasing an additional 19,096 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Valmont Industries in the 3rd quarter worth approximately $698,000. Nordea Investment Management AB raised its stake in Valmont Industries by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company’s stock valued at $5,326,000 after buying an additional 2,521 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Valmont Industries by 2,077.0% during the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock valued at $18,026,000 after buying an additional 56,079 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on VMI shares. William Blair lowered Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Stifel Nicolaus boosted their price target on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th.

Valmont Industries Stock Performance

NYSE:VMI opened at $296.48 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 50-day simple moving average of $326.61 and a two-hundred day simple moving average of $320.51. The firm has a market capitalization of $5.95 billion, a PE ratio of 17.26 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.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $3.18 EPS. Analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a $0.68 dividend. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.92%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is currently 15.83%.

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.