Squarepoint Ops LLC Grows Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Squarepoint Ops LLC boosted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 141.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,555 shares of the industrial products company’s stock after acquiring an additional 24,323 shares during the period. Squarepoint Ops LLC owned 0.21% of Valmont Industries worth $12,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Valmont Industries by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock valued at $1,211,000 after purchasing an additional 34 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake 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 valued at $472,000 after buying an additional 35 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after buying an additional 36 shares during the last quarter. Arizona State Retirement System grew its holdings in Valmont Industries by 0.7% during the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock valued at $1,795,000 after buying an additional 38 shares during the last quarter. Finally, Diametric Capital LP increased its position in Valmont Industries by 2.2% during the fourth 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 in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. William Blair raised shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th. Finally, Wall Street Zen downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th.

Valmont Industries Stock Performance

NYSE VMI opened at $312.53 on Friday. The business’s 50-day moving average price is $296.20 and its 200 day moving average price is $319.06. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a twelve month low of $244.83 and a twelve month high of $379.22. The company has a market capitalization of $6.27 billion, a PE ratio of 18.19 and a beta of 1.10.

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

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.87%. Valmont Industries’s dividend payout ratio (DPR) is presently 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.