Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 12.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 15,284 shares of the industrial products company’s stock after selling 2,136 shares during the quarter. Advisors Asset Management Inc.’s holdings in Valmont Industries were worth $3,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates increased its position in shares of Valmont Industries by 19.0% during the fourth quarter. Raymond James & Associates now owns 12,436 shares of the industrial products company’s stock valued at $2,904,000 after acquiring an additional 1,987 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Valmont Industries by 21.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,622 shares of the industrial products company’s stock valued at $379,000 after purchasing an additional 281 shares during the period. Pacer Advisors Inc. lifted its stake in Valmont Industries by 78.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,136 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 1,382 shares during the last quarter. Washington Capital Management Inc. purchased a new position in Valmont Industries in the fourth quarter worth approximately $315,000. Finally, Copeland Capital Management LLC lifted its stake in Valmont Industries by 36.9% in the fourth quarter. Copeland Capital Management LLC now owns 295,350 shares of the industrial products company’s stock worth $68,967,000 after acquiring an additional 79,647 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Price Performance

Shares of NYSE VMI traded up $2.86 during trading on Friday, hitting $302.51. 185,653 shares of the company were exchanged, compared to its average volume of 179,020. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 40.08 and a beta of 1.03. Valmont Industries, Inc. has a 1 year low of $188.63 and a 1 year high of $307.67. The firm’s fifty day moving average price is $266.76 and its 200 day moving average price is $239.73. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $4.32 EPS for the quarter, topping the consensus estimate of $3.24 by $1.08. The company had revenue of $977.83 million for the quarter, compared to analyst estimates of $986.98 million. Valmont Industries had a net margin of 4.09% and a return on equity of 23.42%. The business’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.54 EPS. On average, sell-side analysts expect that Valmont Industries, Inc. will post 15.96 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.40 annualized dividend and a dividend yield of 0.79%. Valmont Industries’s dividend payout ratio is presently 31.62%.

Analyst Ratings Changes

A number of analysts have weighed in on VMI shares. StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 18th. DA Davidson lifted their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a report on Friday. Finally, Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $332.50.

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.