Valmont Industries, Inc. (NYSE:VMI) Stock Position Boosted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its position in Valmont Industries, Inc. (NYSE:VMI) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 289,922 shares of the industrial products company’s stock after purchasing an additional 1,289 shares during the period. Valmont Industries accounts for 1.2% of Segall Bryant & Hamill LLC’s holdings, making the stock its 4th largest position. Segall Bryant & Hamill LLC’s holdings in Valmont Industries were worth $88,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after buying an additional 31 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of 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 acquiring an additional 34 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Valmont Industries by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 35 shares during the period. Parkside Financial Bank & Trust increased 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 valued at $76,000 after purchasing an additional 36 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Valmont Industries by 0.7% in the fourth quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock valued at $1,795,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

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

Valmont Industries Trading Up 4.8 %

VMI opened at $299.08 on Tuesday. The business has a fifty day moving average price of $332.04 and a 200 day moving average price of $319.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 17.41 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last announced 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. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same period in the previous year, the company posted $3.18 earnings per share. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.68 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s payout ratio is 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.