Makaira Partners LLC grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,610 shares of the industrial products company’s stock after purchasing an additional 17,990 shares during the quarter. Valmont Industries comprises about 6.3% of Makaira Partners LLC’s investment portfolio, making the stock its 7th biggest position. Makaira Partners LLC’s holdings in Valmont Industries were worth $52,344,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Gofen & Glossberg LLC IL bought a new position in shares of Valmont Industries during the 3rd quarter valued at $209,000. Clarus Wealth Advisors acquired a new position in Valmont Industries in the 4th quarter valued at $214,000. State of Alaska Department of Revenue acquired a new position in Valmont Industries in the 4th quarter valued at $215,000. Trexquant Investment LP acquired a new position in Valmont Industries in the 3rd quarter valued at $252,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Valmont Industries in the 4th quarter valued at $253,000. Institutional investors and hedge funds own 87.07% of the company’s stock.
Valmont Industries, Inc. (NYSE VMI) opened at $149.55 on Thursday. Valmont Industries, Inc. has a 12 month low of $140.10 and a 12 month high of $176.35. The company has a quick ratio of 2.61, a current ratio of 3.65 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3,379.05, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.86 and a beta of 1.03.
Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.02). Valmont Industries had a net margin of 4.23% and a return on equity of 14.17%. The firm had revenue of $714.98 million during the quarter, compared to analyst estimates of $724.03 million. During the same quarter in the previous year, the business posted $1.61 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts anticipate that Valmont Industries, Inc. will post 8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be paid a $0.375 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.50 dividend on an annualized basis and a yield of 1.00%. Valmont Industries’s payout ratio is presently 29.30%.
A number of research analysts recently issued reports on VMI shares. Seaport Global Securities lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus lowered shares of Valmont Industries from a “buy” rating to a “hold” rating and lowered their target price for the company from $177.00 to $174.00 in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Valmont Industries currently has a consensus rating of “Hold” and a consensus target price of $173.75.
About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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