Valmont Industries, Inc. (NYSE:VMI) Shares Bought by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd raised its stake in Valmont Industries, Inc. (NYSE:VMI) by 117.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,460 shares of the industrial products company’s stock after buying an additional 1,867 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Valmont Industries were worth $1,061,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Aquatic Capital Management LLC lifted its position in Valmont Industries by 16.2% in the fourth quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company’s stock valued at $2,025,000 after buying an additional 922 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Valmont Industries by 70.3% during 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 in the last quarter. Trexquant Investment LP lifted its position in shares of Valmont Industries by 73.6% during the fourth quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company’s stock worth $9,300,000 after purchasing an additional 12,854 shares in the last quarter. US Bancorp DE lifted its position in shares of Valmont Industries by 2,077.0% during the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock worth $18,026,000 after purchasing an additional 56,079 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Valmont Industries by 8.2% during the fourth quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company’s stock worth $83,814,000 after purchasing an additional 20,744 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Up 0.1%

VMI stock opened at $318.49 on Friday. 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’s 50 day moving average is $296.76 and its two-hundred day moving average is $318.97. The stock has a market cap of $6.39 billion, a P/E ratio of 18.54 and a beta of 1.10.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data 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. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The company had revenue of $969.31 million for the quarter, compared to analysts’ expectations of $976.04 million. Research analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. Valmont Industries’s payout ratio is currently 15.83%.

Wall Street Analyst Weigh In

VMI has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. DA Davidson downgraded 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 report on Wednesday, February 19th. William Blair raised shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. Finally, StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th.

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.