Polymer Capital Management US LLC Acquires New Position in Valmont Industries, Inc. (NYSE:VMI)

Polymer Capital Management US LLC bought a new position in shares of Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 758 shares of the industrial products company’s stock, valued at approximately $232,000.

A number of other hedge funds have also bought and sold shares of the stock. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries during the third quarter worth $35,000. Point72 Asset Management L.P. purchased a new position in Valmont Industries in the 3rd quarter worth $58,000. Aster Capital Management DIFC Ltd raised its stake in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 123 shares during the last quarter. Avior Wealth Management LLC grew its stake in Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.2 %

Valmont Industries stock opened at $263.33 on Wednesday. The business’s 50-day moving average price is $319.89 and its 200 day moving average price is $320.03. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 15.33 and a beta of 1.07. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter last year, the company earned $3.18 EPS. As a group, sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.68 dividend. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 1.03%. Valmont Industries’s payout ratio is presently 15.83%.

Analysts Set New Price Targets

A number of research firms recently commented on VMI. Stifel Nicolaus lifted their target price on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a report on Wednesday, February 19th. Finally, William Blair cut shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st.

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.