4 days Ago By ABMN Staff
Russell Investments Group Ltd. reduced its stake in Valmont Industries, Inc. ( NYSE:VMI – Free Report ) by 18.
1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,978 shares of the industrial products company’s stock after selling 2,872 shares during the quarter. Russell Investments Group Ltd.
owned about 0.06% of Valmont Industries worth $3,980,000 as of its most recent SEC filing. Several other large investors also recently bought and sold shares of VMI.
Stifel Financial Corp grew its holdings in shares of Valmont Industries by 6.9% during the third quarter. Stifel Financial Corp now owns 12,581 shares of the industrial products company’s stock valued at $3,648,000 after buying an additional 808 shares during the last quarter.
Barclays PLC grew its stake in Valmont Industries by 91.6% during the 3rd quarter. Barclays PLC now owns 14,488 shares of the industrial products company’s stock valued at $4,200,000 after purchasing an additional 6,927 shares during the last quarter.
Geode Capital Management LLC increased its holdings in shares of Valmont Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock valued at $97,428,000 after purchasing an additional 4,940 shares during the period.
Coldstream Capital Management Inc. purchased a new position in shares of Valmont Industries in the third quarter worth about $209,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Valmont Industries during the third quarter worth about $698,000.
Hedge funds and other institutional investors own 87.84% of the company’s stock. Valmont Industries Price Performance NYSE:VMI opened at $282.
51 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.
07 and a quick ratio of 1.55. The company has a 50 day moving average price of $314.
34 and a 200-day moving average price of $319.63. Valmont Industries, Inc.
has a 1-year low of $202.01 and a 1-year high of $379.22.
The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 16.44 and a beta of 1.
07. Valmont Industries Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a $0.
68 dividend. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60.
This represents a $2.72 annualized dividend and a yield of 0.96%.
The ex-dividend date of this dividend was Friday, March 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.
Wall Street Analyst Weigh In A number of equities analysts have issued reports on VMI shares. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th.
DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research report on Wednesday, February 19th.
Stifel Nicolaus cut their price target on Valmont Industries from $425.00 to $343.00 and set a “buy” rating on the stock in a research report on Monday.
Finally, William Blair cut Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Check Out Our Latest Stock Report on VMI Valmont Industries Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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