Valmont Industries, Inc. $VMI Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its position in Valmont Industries, Inc. (NYSE:VMI) by 51.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,291 shares of the industrial products company’s stock after purchasing an additional 1,795 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Valmont Industries were worth $2,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in shares of Valmont Industries by 15.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 68,847 shares of the industrial products company’s stock worth $32,240,000 after buying an additional 9,433 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its stake in Valmont Industries by 26.5% in the third quarter. Beverly Hills Private Wealth LLC now owns 444 shares of the industrial products company’s stock valued at $206,000 after buying an additional 93 shares during the last quarter. Carnegie Lake Advisors LLC raised its position in Valmont Industries by 2.9% during the 3rd quarter. Carnegie Lake Advisors LLC now owns 926 shares of the industrial products company’s stock worth $417,000 after buying an additional 26 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Valmont Industries by 43.6% in the third quarter. Pictet Asset Management Holding SA now owns 343,510 shares of the industrial products company’s stock valued at $159,044,000 after buying an additional 104,259 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Valmont Industries by 375.2% during the 3rd quarter. Alps Advisors Inc. now owns 15,236 shares of the industrial products company’s stock valued at $7,054,000 after acquiring an additional 12,030 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Up 1.1%

Shares of NYSE:VMI opened at $423.39 on Wednesday. The firm has a 50 day simple moving average of $456.88 and a 200 day simple moving average of $476.53. The company has a market cap of $8.10 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.95 and a beta of 1.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.56 and a current ratio of 2.41. Valmont Industries, Inc. has a 52 week low of $378.02 and a 52 week high of $585.71.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, October 20th. The industrial products company reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.70 by $0.54. Valmont Industries had a return on equity of 26.25% and a net margin of 12.05%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $4.98 earnings per share. Valmont Industries’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Valmont Industries, Inc. will post 23.33 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 24th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 24th. Valmont Industries’s payout ratio is currently 11.43%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMI. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Weiss Ratings downgraded Valmont Industries from a “buy (b)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. lifted their target price on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Zacks Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $587.00.

About Valmont Industries

Valmont Industries designs and manufactures products used in infrastructure and agriculture. Founded in 1946, the company has grown from a maker of steel irrigation equipment into a global provider of engineered products and services. Its infrastructure business supplies utility structures, poles and towers, lighting and traffic products, telecommunications structures, and protective coatings. These products support electric power, transportation, communications, and other infrastructure markets.