Valmont Industries, Inc. (NYSE:VMI) Position Trimmed by Bessemer Group Inc.

Bessemer Group Inc. decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 40.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,039 shares of the industrial products company's stock after selling 1,391 shares during the period. Bessemer Group Inc.'s holdings in Valmont Industries were worth $625,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VMI. Norges Bank acquired a new position in Valmont Industries during the fourth quarter valued at approximately $67,822,000. Franklin Resources Inc. raised its stake in shares of Valmont Industries by 57.6% in the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock valued at $123,512,000 after acquiring an additional 148,811 shares during the period. US Bancorp DE raised its stake in shares of Valmont Industries by 2,077.0% in the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after acquiring an additional 56,079 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Valmont Industries during the 4th quarter valued at $8,275,000. Finally, JPMorgan Chase & Co. boosted its position in Valmont Industries by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company's stock worth $84,927,000 after purchasing an additional 24,224 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

VMI has been the subject of a number of recent research reports. StockNews.com lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. Stifel Nicolaus dropped their price objective on shares of Valmont Industries from $425.00 to $343.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. 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, March 21st.

Valmont Industries Stock Performance

VMI traded down $3.76 during trading hours on Friday, hitting $277.35. 125,469 shares of the stock were exchanged, compared to its average volume of 147,316. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 16.14 and a beta of 1.07. The stock has a 50-day simple moving average of $311.41 and a 200-day simple moving average of $319.20. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22. 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 issued 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 during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same period in the prior year, the business earned $3.18 EPS. Analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 28th. Valmont Industries's dividend payout ratio is 15.83%.

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.