Valmont Industries (NYSE:VMI) Shares Gap Down - Should You Sell?

Valmont Industries, Inc. (NYSE:VMI - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $326.58, but opened at $305.17. Valmont Industries shares last traded at $301.24, with a volume of 46,735 shares changing hands.

Analyst Upgrades and Downgrades

VMI has been the subject of several research reports. DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research report on Wednesday, February 19th. Stifel Nicolaus upped their price objective on Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Finally, William Blair lowered Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday.

Valmont Industries Stock Performance

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 company has a market cap of $6.00 billion, a PE ratio of 17.39 and a beta of 0.98. The business's 50-day moving average is $331.75 and its 200 day moving average is $319.87.

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Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the previous year, the business earned $3.18 earnings per share. On average, equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS 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. Stockholders of record on Friday, March 28th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is 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 15.83%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. 111 Capital purchased a new stake in Valmont Industries during the 4th quarter valued at $345,000. Castleark Management LLC raised its stake in shares of Valmont Industries by 3.9% during the fourth quarter. Castleark Management LLC now owns 21,710 shares of the industrial products company's stock valued at $6,658,000 after acquiring an additional 820 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Valmont Industries by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,872 shares of the industrial products company's stock worth $21,428,000 after purchasing an additional 9,516 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Valmont Industries in the fourth quarter worth about $255,000. Finally, Squarepoint Ops LLC increased its holdings in Valmont Industries by 141.2% during the 4th quarter. Squarepoint Ops LLC now owns 41,555 shares of the industrial products company's stock valued at $12,744,000 after purchasing an additional 24,323 shares during the period. Institutional investors own 87.84% of the company's stock.

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.