Wambolt & Associates LLC Sells 997 Shares of Valmont Industries, Inc. (NYSE:VMI)

Wambolt & Associates LLC reduced its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,303 shares of the industrial products company's stock after selling 997 shares during the period. Wambolt & Associates LLC's holdings in Valmont Industries were worth $1,320,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Valmont Industries by 161.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,616 shares of the industrial products company's stock worth $2,336,000 after purchasing an additional 4,704 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in Valmont Industries by 0.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after buying an additional 1,289 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Valmont Industries by 0.4% in the fourth 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 period. LPL Financial LLC lifted its position in shares of Valmont Industries by 37.8% during the 4th quarter. LPL Financial LLC now owns 3,999 shares of the industrial products company's stock valued at $1,226,000 after buying an additional 1,098 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Valmont Industries during the 4th quarter valued at approximately $1,505,000. 87.84% of the stock is currently owned by institutional investors.

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Valmont Industries Price Performance

VMI traded down $9.21 during trading on Friday, hitting $289.99. 114,692 shares of the company traded hands, compared to its average volume of 147,702. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The company has a market cap of $5.82 billion, a PE ratio of 16.88 and a beta of 0.98. The stock's 50-day simple moving average is $329.60 and its two-hundred day simple moving average is $320.12. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $3.18 earnings per share. As a group, sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share 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. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. 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. This represents a $2.72 dividend on an annualized basis and a yield of 0.94%. Valmont Industries's payout ratio is presently 15.83%.

Analyst Ratings Changes

VMI has been the topic of a number of recent analyst reports. Stifel Nicolaus raised 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. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday. William Blair lowered Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st. Finally, DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price on the stock. in a research note 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.