Mitsubishi UFJ Trust & Banking Corp Grows Position in Valmont Industries, Inc. (NYSE:VMI)

Mitsubishi UFJ Trust & Banking Corp raised its position in Valmont Industries, Inc. (NYSE:VMI) by 161.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,616 shares of the industrial products company’s stock after buying an additional 4,704 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Valmont Industries were worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of VMI. Sunbelt Securities Inc. purchased a new stake in Valmont Industries in the 3rd quarter valued at $35,000. Point72 Asset Management L.P. acquired a new position in Valmont Industries in the third quarter valued at $58,000. Avior Wealth Management LLC raised its holdings in shares of Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock worth $76,000 after buying an additional 36 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock worth $95,000 after buying an additional 141 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

NYSE VMI opened at $285.43 on Tuesday. The business has a 50 day moving average price of $328.57 and a 200 day moving average price of $320.57. The company has a market capitalization of $5.73 billion, a P/E ratio of 16.61 and a beta of 0.98. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. 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 (NYSE:VMI) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm earned $3.18 EPS. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 0.95%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is presently 15.83%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VMI shares. Stifel Nicolaus increased their price objective on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. DA Davidson lowered 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 shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st. Finally, StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Valmont Industries Company 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.