Valmont Industries, Inc. (NYSE:VMI) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,971 shares of the industrial products company's stock after selling 844 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Valmont Industries were worth $1,831,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of VMI. Oppenheimer Asset Management Inc. grew its stake in Valmont Industries by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock worth $1,211,000 after acquiring an additional 34 shares during the period. PNC Financial Services Group Inc. increased its stake in Valmont Industries by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock valued at $472,000 after purchasing an additional 35 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after buying an additional 36 shares during the period. Arizona State Retirement System boosted its stake in Valmont Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company's stock worth $1,795,000 after buying an additional 38 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Valmont Industries by 1.6% in the 4th quarter. Pacer Advisors Inc. now owns 2,989 shares of the industrial products company's stock valued at $917,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research note on Wednesday, February 19th. William Blair lowered Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st. Finally, StockNews.com downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

Valmont Industries Trading Up 1.0 %

Shares of Valmont Industries stock traded up $2.77 during trading hours on Tuesday, hitting $288.14. The company's stock had a trading volume of 27,570 shares, compared to its average volume of 147,382. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $5.78 billion, a PE ratio of 16.79 and a beta of 0.98. The business has a fifty day moving average of $328.57 and a 200 day moving average of $320.57. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $3.18 earnings per share. As a group, equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a $0.68 dividend. 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. This represents a $2.72 annualized dividend and a yield of 0.94%. Valmont Industries's dividend payout ratio (DPR) is 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.