Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 36.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,084 shares of the industrial products company's stock after selling 89,630 shares during the period. Wellington Management Group LLP owned approximately 0.79% of Valmont Industries worth $48,480,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VMI. Covea Finance increased its holdings in 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 buying an additional 3,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Valmont Industries by 70.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after acquiring an additional 19,096 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Valmont Industries in the 3rd quarter valued at about $698,000. Nordea Investment Management AB boosted its holdings in Valmont Industries by 16.9% in the 4th quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company's stock valued at $5,326,000 after purchasing an additional 2,521 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Valmont Industries by 2,077.0% in the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after purchasing an additional 56,079 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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Valmont Industries Price Performance

NYSE:VMI traded down $8.63 during mid-day trading on Thursday, hitting $276.33. 13,900 shares of the company's stock traded hands, compared to its average volume of 148,557. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The firm's 50 day simple moving average is $317.98 and its 200 day simple moving average is $319.78. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The company has a market cap of $5.55 billion, a PE ratio of 16.11 and a beta of 1.07.

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, beating analysts' consensus estimates of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $3.18 earnings per share. Sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, March 28th. Valmont Industries's payout ratio is presently 15.83%.

Analysts Set New Price Targets

Several equities analysts have 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 objective on the stock. in a report on Wednesday, February 19th. William Blair downgraded shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Finally, Stifel Nicolaus increased their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th.

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.