Paloma Partners Management Co Buys Shares of 2,327 Valmont Industries (VMI)

Paloma Partners Management Co bought a new position in Valmont Industries (NYSE:VMI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,327 shares of the industrial products company’s stock, valued at approximately $386,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Two Sigma Investments LP boosted its stake in Valmont Industries by 121.0% in the 4th quarter. Two Sigma Investments LP now owns 16,440 shares of the industrial products company’s stock worth $2,727,000 after purchasing an additional 9,000 shares during the period. Two Sigma Advisers LP boosted its stake in Valmont Industries by 0.4% in the 4th quarter. Two Sigma Advisers LP now owns 120,729 shares of the industrial products company’s stock worth $20,023,000 after purchasing an additional 500 shares during the period. Stone Ridge Asset Management LLC acquired a new position in Valmont Industries in the 4th quarter worth $3,948,000. Deutsche Bank AG boosted its stake in Valmont Industries by 8.8% in the 4th quarter. Deutsche Bank AG now owns 113,934 shares of the industrial products company’s stock worth $18,893,000 after purchasing an additional 9,207 shares during the period. Finally, Quantitative Investment Management LLC acquired a new position in Valmont Industries in the 4th quarter worth $2,753,000. 87.07% of the stock is owned by hedge funds and other institutional investors.

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Valmont Industries stock opened at $142.70 on Friday. Valmont Industries has a one year low of $140.10 and a one year high of $176.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.61 and a current ratio of 3.65. The company has a market cap of $3,254.24, a PE ratio of 27.87, a PEG ratio of 1.79 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.02). Valmont Industries had a return on equity of 14.17% and a net margin of 4.23%. The business had revenue of $714.98 million for the quarter, compared to analyst estimates of $724.03 million. During the same quarter in the prior year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts anticipate that Valmont Industries will post 8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.05%. Valmont Industries’s dividend payout ratio is 29.30%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Stifel Nicolaus reduced their target price on shares of Valmont Industries from $181.00 to $160.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $173.75.

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About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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