Arjuna Capital Makes New Investment in Valmont Industries, Inc. (NYSE:VMI)

Arjuna Capital acquired a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,006 shares of the industrial products company’s stock, valued at approximately $1,748,000.

A number of other institutional investors have also recently made changes to their positions in the business. Global Retirement Partners LLC increased its position in shares of Valmont Industries by 2,125.0% in the 1st quarter. Global Retirement Partners LLC now owns 89 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 85 shares during the period. Covestor Ltd grew its stake in Valmont Industries by 347.4% during the 1st quarter. Covestor Ltd now owns 170 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 132 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of Valmont Industries by 103.2% in 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 during the period. Parallel Advisors LLC raised its stake in shares of Valmont Industries by 333.3% in the first quarter. Parallel Advisors LLC now owns 182 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 140 shares during the last quarter. Finally, Point72 Middle East FZE purchased a new position in shares of Valmont Industries in the fourth quarter worth about $58,000. Institutional investors and hedge funds own 84.15% of the company’s stock.

Wall Street Analyst Weigh In

VMI has been the topic of several research reports. Stifel Nicolaus cut their price target on shares of Valmont Industries from $334.00 to $298.00 and set a “buy” rating on the stock in a report on Tuesday, October 10th. Northcoast Research lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th. TheStreet downgraded shares of Valmont Industries from a “b” rating to a “c” rating in a research report on Wednesday, October 25th. StockNews.com downgraded Valmont Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, DA Davidson decreased their price objective on Valmont Industries from $310.00 to $290.00 and set a “neutral” rating for the company in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $294.00.

Valmont Industries Price Performance

Shares of VMI stock traded up $0.81 during trading hours on Monday, hitting $202.57. 32,424 shares of the company’s stock were exchanged, compared to its average volume of 160,430. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $353.36. The firm has a market cap of $4.23 billion, a P/E ratio of 27.94, a P/E/G ratio of 1.13 and a beta of 1.10. The company has a quick ratio of 1.54, a current ratio of 2.49 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $228.75 and a two-hundred day moving average of $258.59.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.42. Valmont Industries had a net margin of 3.62% and a return on equity of 20.32%. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business posted $3.49 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Sell-side analysts forecast that Valmont Industries, Inc. will post 14.83 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, December 28th. Valmont Industries’s dividend payout ratio is presently 33.24%.

Valmont Industries Company Profile

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.