Advisors Asset Management Inc. Purchases 3,582 Shares of Valmont Industries, Inc. (NYSE:VMI)

Advisors Asset Management Inc. increased its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,699 shares of the industrial products company's stock after purchasing an additional 3,582 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.10% of Valmont Industries worth $6,041,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VMI. Franklin Resources Inc. raised its holdings in Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock worth $123,512,000 after purchasing an additional 148,811 shares during the last quarter. US Bancorp DE increased its position in shares of Valmont Industries by 2,077.0% during the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock worth $18,026,000 after buying an additional 56,079 shares during the period. Wellington Management Group LLP raised its stake in Valmont Industries by 16.3% during the third quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company's stock worth $71,825,000 after buying an additional 34,772 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Valmont Industries in the fourth quarter valued at $8,275,000. Finally, Segall Bryant & Hamill LLC boosted its position in Valmont Industries by 9.6% during the third quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company's stock valued at $83,689,000 after acquiring an additional 25,237 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Valmont Industries Stock Up 4.8 %

Shares of VMI traded up $13.58 during trading hours on Monday, hitting $299.08. The stock had a trading volume of 328,703 shares, compared to its average volume of 140,780. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The firm has a market capitalization of $6.00 billion, a P/E ratio of 17.41 and a beta of 0.98. The firm has a 50 day simple moving average of $332.20 and a 200-day simple moving average of $319.40. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating analysts' consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the firm posted $3.18 earnings per share. Sell-side analysts predict 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. Shareholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.91%. Valmont Industries's dividend payout ratio 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.