HRT Financial LP Has $3.72 Million Position in Valmont Industries, Inc. (NYSE:VMI)

HRT Financial LP raised its position in Valmont Industries, Inc. (NYSE:VMIFree Report) by 57.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,657 shares of the industrial products company’s stock after buying an additional 4,252 shares during the quarter. HRT Financial LP’s holdings in Valmont Industries were worth $3,721,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in VMI. Fifth Third Bancorp grew its stake in shares of Valmont Industries by 16.3% in the first quarter. Fifth Third Bancorp now owns 350 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 49 shares in the last quarter. Xponance Inc. grew its position in shares of Valmont Industries by 1.7% during the 1st quarter. Xponance Inc. now owns 3,132 shares of the industrial products company’s stock worth $1,000,000 after purchasing an additional 51 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Valmont Industries by 0.7% during the 1st quarter. Treasurer of the State of North Carolina now owns 9,180 shares of the industrial products company’s stock worth $2,931,000 after acquiring an additional 60 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Valmont Industries by 3.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,974 shares of the industrial products company’s stock valued at $630,000 after purchasing an additional 62 shares during the last quarter. Finally, Fred Alger Management LLC boosted its stake in shares of Valmont Industries by 103.2% during the fourth quarter. Fred Alger Management LLC now owns 128 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 84.15% of the company’s stock.

Valmont Industries Price Performance

Shares of VMI opened at $255.94 on Tuesday. The business has a 50-day moving average of $267.45 and a 200-day moving average of $286.52. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.41 and a quick ratio of 1.43. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. Valmont Industries, Inc. has a 1 year low of $241.13 and a 1 year high of $353.36.

Valmont Industries (NYSE:VMIGet Free Report) last released its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.26. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.14 billion. Valmont Industries had a net margin of 6.37% and a return on equity of 19.56%. As a group, equities research analysts anticipate that Valmont Industries, Inc. will post 15.4 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, September 28th. Valmont Industries’s dividend payout ratio (DPR) is presently 18.63%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Valmont Industries in a report on Thursday, August 17th. They issued a “buy” rating for the company. DA Davidson cut their price target on shares of Valmont Industries from $310.00 to $290.00 and set a “neutral” rating on the stock in a report on Monday, July 31st.

Check Out Our Latest Stock Analysis on VMI

About Valmont Industries

(Free Report)

Valmont Industries, Inc produces and sells metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through two segments: Infrastructure and Agriculture. It manufactures and distributes steel, pre-stressed concrete, composite, and hybrid structures for lighting, transportation, and telecommunications equipment, as well as electrical transmission, distribution, substations, and renewable energy generation equipment; and provides coatings services to preserve metal products.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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