Lecap Asset Management Ltd. Purchases 2,422 Shares of Valmont Industries, Inc. (NYSE:VMI)

Lecap Asset Management Ltd. lifted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 141.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,136 shares of the industrial products company’s stock after acquiring an additional 2,422 shares during the period. Lecap Asset Management Ltd.’s holdings in Valmont Industries were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in VMI. Norges Bank bought a new stake in shares of Valmont Industries during the 4th quarter worth approximately $67,822,000. Franklin Resources Inc. lifted its stake in Valmont Industries by 23.3% in the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock valued at $154,007,000 after purchasing an additional 94,884 shares during the last quarter. GAMMA Investing LLC lifted its stake in Valmont Industries by 51,911.3% in the 1st quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company’s stock valued at $18,405,000 after purchasing an additional 64,370 shares during the last quarter. US Bancorp DE lifted its stake in Valmont Industries by 2,077.0% in the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock valued at $18,026,000 after purchasing an additional 56,079 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in Valmont Industries in the 4th quarter valued at approximately $14,180,000. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

VMI has been the subject of several research reports. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. William Blair raised shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus increased their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd.

Valmont Industries Price Performance

VMI stock opened at $324.64 on Thursday. The company has a market capitalization of $6.52 billion, a P/E ratio of 18.90 and a beta of 1.13. The company has a fifty day moving average price of $311.60 and a 200-day moving average price of $315.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week 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 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.08. The company had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. As a group, equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.68 per share. 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 0.84%. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

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.