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

Wambolt & Associates LLC trimmed its position in Valmont Industries, Inc. (NYSE:VMI) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and 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 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VMI. Covea Finance lifted its stake in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after purchasing an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Valmont Industries during the third quarter valued at about $466,000. De Lisle Partners LLP raised its holdings in shares of Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after purchasing an additional 5,800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Valmont Industries by 70.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company’s stock valued at $14,182,000 after purchasing an additional 19,096 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Valmont Industries in the third quarter valued at $698,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

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

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $299.08 on Tuesday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a fifty day moving average price of $332.04 and a two-hundred day moving average price of $319.64. The firm has a market cap of $6.00 billion, a P/E ratio of 17.41 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, beating the consensus estimate of $3.63 by $0.21. The company had revenue of $1.04 billion during 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 posted $3.18 EPS. Research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.91%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s dividend payout ratio is currently 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.