Royce & Associates LP Has $54.61 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Royce & Associates LP lowered its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,085 shares of the industrial products company's stock after selling 22,303 shares during the quarter. Royce & Associates LP owned approximately 0.89% of Valmont Industries worth $54,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VMI. Foundry Partners LLC acquired a new position in shares of Valmont Industries during the 3rd quarter worth approximately $4,158,000. Covea Finance increased its holdings in shares of Valmont Industries by 29.9% in the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock valued at $4,661,000 after purchasing an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Valmont Industries in the third quarter valued at $466,000. De Lisle Partners LLP raised its position in shares of Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock valued at $5,454,000 after purchasing an additional 5,800 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Valmont Industries by 12.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company's stock worth $60,497,000 after buying an additional 23,765 shares during the last quarter. Institutional investors own 87.84% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently commented on the stock. DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research note on Wednesday, February 19th. Stifel Nicolaus increased their target price on Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Finally, StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Wednesday.

Valmont Industries Stock Performance

Shares of NYSE:VMI traded down $4.25 on Thursday, reaching $326.50. 116,390 shares of the company's stock were exchanged, compared to its average volume of 137,783. 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 twelve month low of $202.01 and a twelve month high of $379.22. The company has a fifty day moving average of $332.14 and a 200-day moving average of $318.72. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 19.00 and a beta of 0.98.

Valmont Industries (NYSE:VMI - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter last year, the company earned $3.18 EPS. On average, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently disclosed 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 boost 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 0.83%. Valmont Industries's dividend payout ratio is currently 15.83%.

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.