Invesco Ltd. Sells 27,206 Shares of Valmont Industries, Inc. (NYSE:VMI)

Invesco Ltd. cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,310 shares of the industrial products company's stock after selling 27,206 shares during the period. Invesco Ltd. owned approximately 1.13% of Valmont Industries worth $69,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VMI. Sunbelt Securities Inc. purchased a new stake in shares of Valmont Industries in the third quarter valued at $35,000. Aster Capital Management DIFC Ltd lifted its stake in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after acquiring an additional 123 shares in the last quarter. Avior Wealth Management LLC boosted its position in Valmont Industries by 35.9% during the 4th 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 grew its stake in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after acquiring an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Down 1.3 %

Shares of VMI stock traded down $3.76 on Friday, hitting $277.35. The company's stock had a trading volume of 125,469 shares, compared to its average volume of 147,313. 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 stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 16.14 and a beta of 1.07. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The firm's fifty day moving average price is $312.36 and its 200-day moving average price is $319.28.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $3.18 EPS. Research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, March 28th. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Wall Street Analysts Forecast Growth

VMI has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. William Blair downgraded shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus cut their price target on Valmont Industries from $425.00 to $343.00 and set a "buy" rating for the company in a research note on Monday.

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.