Grantham Mayo Van Otterloo & Co. LLC Has $16.44 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 29.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,601 shares of the industrial products company's stock after selling 21,859 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.27% of Valmont Industries worth $16,438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sunbelt Securities Inc. bought a new position in Valmont Industries in the third quarter valued at about $35,000. Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $58,000. Avior Wealth Management LLC grew its holdings in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust increased its position 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 worth $76,000 after purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in 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 last quarter. Institutional investors own 87.84% of the company's stock.

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Valmont Industries Trading Up 1.0 %

Shares of NYSE:VMI traded up $2.88 during mid-day trading on Friday, reaching $281.04. 36,906 shares of the company's stock were exchanged, compared to its average volume of 148,727. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 16.34 and a beta of 1.07. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The business's fifty day moving average price is $317.04 and its 200-day moving average price is $319.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This is a positive change 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 0.97%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Analyst Ratings Changes

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

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.