The Manufacturers Life Insurance Company Has $5.06 Million Stake in Valmont Industries, Inc. (NYSE:VMI)

The Manufacturers Life Insurance Company lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,483 shares of the industrial products company’s stock after selling 392 shares during the period. The Manufacturers Life Insurance Company’s holdings in Valmont Industries were worth $5,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VMI. Aster Capital Management DIFC Ltd boosted its position in Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 123 shares during the last quarter. Quarry LP increased its holdings in Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company’s stock worth $62,000 after buying an additional 162 shares during the last quarter. Avior Wealth Management LLC raised its position in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 141 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Down 0.7 %

Shares of VMI stock opened at $301.08 on Thursday. The stock has a 50 day moving average of $298.47 and a 200-day moving average of $318.88. The firm has a market cap of $6.04 billion, a PE ratio of 17.53 and a beta of 1.10. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12 month low of $244.83 and a 12 month high of $379.22.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. On average, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.90%. Valmont Industries’s payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VMI shares. William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus boosted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd.

Valmont Industries 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.