Valmont Industries, Inc. (NYSE:VMI) Stock Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Valmont Industries, Inc. (NYSE:VMI) by 193.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,078 shares of the industrial products company’s stock after acquiring an additional 8,617 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Valmont Industries worth $4,011,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VMI. Franklin Resources Inc. raised its position in shares of Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after purchasing an additional 148,811 shares during the period. US Bancorp DE increased its position in Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock worth $18,026,000 after buying an additional 56,079 shares during the period. Wellington Management Group LLP lifted its stake in Valmont Industries by 16.3% in the third quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock valued at $71,825,000 after buying an additional 34,772 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Valmont Industries during the fourth quarter valued at $8,275,000. Finally, JPMorgan Chase & Co. grew its position in shares of Valmont Industries by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock worth $84,927,000 after acquiring an additional 24,224 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. 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 downgraded Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday. Stifel Nicolaus raised their target price on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 19th.

Valmont Industries Trading Up 4.8 %

Shares of NYSE:VMI opened at $299.08 on Tuesday. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The firm has a market cap of $6.00 billion, a P/E ratio of 17.41 and a beta of 0.98. The company has a 50 day moving average of $332.04 and a 200-day moving average of $319.64.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $3.18 EPS. As a group, analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

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