Gamco Investors INC. ET AL Decreases Holdings in Valmont Industries, Inc. (NYSE:VMI)

Gamco Investors INC. ET AL lessened its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 68,587 shares of the industrial products company's stock after selling 1,400 shares during the quarter. Gamco Investors INC. ET AL owned 0.34% of Valmont Industries worth $21,034,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its stake 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 acquiring an additional 123 shares during the last quarter. Avior Wealth Management LLC lifted its position 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 worth $65,000 after purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Valmont Industries by 16.9% during the fourth 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. Venturi Wealth Management LLC increased its holdings in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after buying an additional 141 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Valmont Industries by 17.9% in the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock valued at $101,000 after buying an additional 50 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

VMI stock traded down $3.76 during trading on Friday, hitting $277.35. The company had a trading volume of 125,469 shares, compared to its average volume of 147,316. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The firm has a 50-day moving average price of $311.41 and a 200-day moving average price of $319.20. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.57 billion, a PE ratio of 16.14 and a beta of 1.07.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.21. The company had revenue of $1.04 billion for 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 period in the previous year, the company posted $3.18 EPS. On average, analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, March 28th. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's dividend payout ratio is currently 15.83%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VMI shares. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. William Blair cut shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a report on Friday, March 21st. Stifel Nicolaus lowered their target price on shares of Valmont Industries from $425.00 to $343.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research note 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.