Valmont Industries, Inc. (NYSE:VMI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 284,733 shares of the industrial products company's stock after selling 8,168 shares during the period. JPMorgan Chase & Co. owned 1.42% of Valmont Industries worth $87,319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Valmont Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after buying an additional 6,967 shares during the last quarter. State Street Corp boosted its holdings in shares of Valmont Industries by 1.1% in the third quarter. State Street Corp now owns 640,876 shares of the industrial products company's stock valued at $186,204,000 after acquiring an additional 6,913 shares during the period. Franklin Resources Inc. grew its position in shares of Valmont Industries by 57.6% during the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock worth $123,512,000 after acquiring an additional 148,811 shares during the last quarter. FMR LLC increased its holdings in shares of Valmont Industries by 4.0% in the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company's stock valued at $101,316,000 after acquiring an additional 13,509 shares during the period. Finally, Geode Capital Management LLC raised its position in Valmont Industries by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company's stock valued at $97,428,000 after purchasing an additional 4,940 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

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Valmont Industries Stock Performance

Shares of Valmont Industries stock traded down $0.53 on Tuesday, reaching $263.33. 260,967 shares of the stock were exchanged, compared to its average volume of 149,184. The firm has a market capitalization of $5.29 billion, a PE ratio of 15.33 and a beta of 1.07. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The business has a fifty day moving average price of $319.89 and a two-hundred day moving average price of $320.03. 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 released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $3.18 EPS. As a group, research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 1.03%. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's payout ratio is currently 15.83%.

Analyst Ratings Changes

Several brokerages have issued reports on VMI. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. William Blair downgraded 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. Finally, DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price on the stock. in a report on Wednesday, February 19th.

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.