Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Wambolt & Associates LLC

Wambolt & Associates LLC trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,303 shares of the industrial products company’s stock after selling 997 shares during the period. Wambolt & Associates LLC’s holdings in Valmont Industries were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Valmont Industries by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 4,884 shares of the industrial products company’s stock valued at $1,416,000 after purchasing an additional 139 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Valmont Industries by 12.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 31 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Valmont Industries by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,604 shares of the industrial products company’s stock valued at $78,752,000 after acquiring an additional 3,501 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Valmont Industries during the 3rd quarter worth about $558,000. Finally, Horizon Kinetics Asset Management LLC lifted its stake in Valmont Industries by 53.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 2,575 shares of the industrial products company’s stock worth $747,000 after purchasing an additional 900 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Up 4.8 %

Valmont Industries stock opened at $299.08 on Tuesday. The company has a market cap of $6.00 billion, a PE ratio of 17.41 and a beta of 0.98. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The stock’s 50 day moving average price is $332.04 and its 200 day moving average price is $319.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI) last released 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 firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $3.18 earnings per share. On average, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.91%. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is currently 15.83%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VMI shares. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 19th. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a research report on Wednesday, February 19th. William Blair downgraded Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Stifel Nicolaus lifted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 19th.

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.