Valmont Industries, Inc. (NYSE:VMI) is Segall Bryant & Hamill LLC’s 4th Largest Position

Segall Bryant & Hamill LLC lifted its stake in Valmont Industries, Inc. (NYSE:VMI) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 289,922 shares of the industrial products company’s stock after buying an additional 1,289 shares during the quarter. Valmont Industries makes up 1.2% of Segall Bryant & Hamill LLC’s holdings, making the stock its 4th largest position. Segall Bryant & Hamill LLC owned about 1.45% of Valmont Industries worth $88,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Valmont Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company’s stock valued at $610,531,000 after buying an additional 6,967 shares in the last quarter. State Street Corp increased its stake in shares of Valmont Industries by 1.1% in the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after purchasing an additional 6,913 shares in the last quarter. Franklin Resources Inc. raised its holdings in Valmont Industries by 57.6% in 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. FMR LLC boosted its position in Valmont Industries by 4.0% during the third quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock worth $101,316,000 after purchasing an additional 13,509 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in 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. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Up 4.8 %

NYSE 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 quick ratio of 1.55 and a current ratio of 2.07. The company has a market cap of $6.00 billion, a P/E ratio of 17.41 and a beta of 0.98. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22.

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

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.91%. Valmont Industries’s dividend payout ratio is 15.83%.

Analysts Set New Price Targets

VMI has been the subject of several research analyst reports. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th. 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 report on Wednesday, February 19th. William Blair lowered shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday. Finally, Stifel Nicolaus raised their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th.

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.