Valmont Industries, Inc. (NYSE:VMI) Holdings Lowered by Blair William & Co. IL

Blair William & Co. IL cut its stake in Valmont Industries, Inc. (NYSE:VMI) by 1.8% in the 4th quarter, HoldingsChannel reports. The fund owned 47,219 shares of the industrial products company’s stock after selling 847 shares during the period. Blair William & Co. IL’s holdings in Valmont Industries were worth $14,481,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in VMI. Sunbelt Securities Inc. bought a new position in Valmont Industries during the 3rd quarter valued at $35,000. Point72 Asset Management L.P. bought a new position in Valmont Industries during the third quarter valued at about $58,000. Avior Wealth Management LLC grew its holdings in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust raised its position in 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 acquiring an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Valmont Industries by 83.4% in the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock valued at $95,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Valmont Industries stock opened at $289.99 on Friday. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The firm’s 50 day simple moving average is $329.60 and its 200-day simple moving average is $319.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The company has a market cap of $5.82 billion, a P/E ratio of 16.88 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.21. The firm 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 period in the previous year, the company posted $3.18 EPS. As a group, equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The firm also recently declared 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 0.94%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. Valmont Industries’s payout ratio is presently 15.83%.

Analysts Set New Price Targets

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

About Valmont Industries

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.