Shelton Capital Management Has $2.10 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Shelton Capital Management trimmed its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 40.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,831 shares of the industrial products company's stock after selling 4,567 shares during the quarter. Shelton Capital Management's holdings in Valmont Industries were worth $2,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of VMI. Sunbelt Securities Inc. bought a new stake in shares of Valmont Industries in the 3rd quarter worth approximately $35,000. Point72 Asset Management L.P. bought a new position in Valmont Industries in the third quarter worth $58,000. Aster Capital Management DIFC Ltd lifted its position in Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares during the period. Avior Wealth Management LLC increased its holdings in Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after buying an additional 56 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Valmont Industries by 16.9% in the 4th 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 in the last quarter. 87.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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Valmont Industries Price Performance

NYSE VMI traded down $0.20 during trading hours on Monday, reaching $283.31. 30,492 shares of the company's stock were exchanged, compared to its average volume of 148,501. The firm has a fifty day moving average of $316.19 and a 200-day moving average of $319.92. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The stock has a market cap of $5.69 billion, a PE ratio of 16.49 and a beta of 1.07. 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 (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the previous year, the company posted $3.18 EPS. On average, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.96%. 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. Valmont Industries's dividend payout ratio (DPR) is currently 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.