Prudential Financial Inc. Sells 9,336 Shares of Valmont Industries, Inc. (NYSE:VMI)

Prudential Financial Inc. reduced its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 76.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,854 shares of the industrial products company's stock after selling 9,336 shares during the quarter. Prudential Financial Inc.'s holdings in Valmont Industries were worth $965,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Sunbelt Securities Inc. bought a new position in Valmont Industries during the 3rd quarter worth approximately $35,000. Point72 Asset Management L.P. bought a new position in Valmont Industries during the third quarter worth $58,000. Avior Wealth Management LLC raised its stake in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after buying an additional 36 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Up 2.2 %

Shares of VMI traded up $6.00 during trading hours on Friday, reaching $284.16. The stock had a trading volume of 126,604 shares, compared to its average volume of 149,145. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 16.54 and a beta of 1.07. The firm has a 50-day simple moving average of $316.19 and a 200 day simple moving average of $319.71. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22.

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Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $3.18 earnings per share. Equities research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.68 per share. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Wall Street Analysts Forecast Growth

VMI has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th. StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Finally, William Blair downgraded Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st.

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.