River Road Asset Management LLC Has $3.26 Million Stock Position in Valmont Industries, Inc. (NYSE:VMI)

River Road Asset Management LLC trimmed its position in Valmont Industries, Inc. (NYSE:VMI) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,623 shares of the industrial products company’s stock after selling 464 shares during the quarter. River Road Asset Management LLC’s holdings in Valmont Industries were worth $3,258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock worth $81,000 after buying an additional 31 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Valmont Industries by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock worth $1,211,000 after purchasing an additional 34 shares in the last quarter. Huntington National Bank lifted its position in shares of Valmont Industries by 16.5% in the third quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 35 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Valmont Industries by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 35 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 36 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VMI. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th. Stifel Nicolaus increased their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Valmont Industries Price Performance

Shares of VMI opened at $321.74 on Wednesday. The firm has a market cap of $6.45 billion, a PE ratio of 18.73 and a beta of 0.98. The firm’s 50 day moving average price is $329.94 and its 200 day moving average price is $317.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month 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 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates 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 firm earned $3.18 earnings per share. As a group, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, March 28th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

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.