Bank of America Corp DE Trims Holdings in Valmont Industries, Inc. (NYSE:VMI)

Bank of America Corp DE lessened its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 286,877 shares of the industrial products company's stock after selling 7,486 shares during the period. Bank of America Corp DE owned about 1.43% of Valmont Industries worth $87,977,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Valmont Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock valued at $610,531,000 after purchasing an additional 6,967 shares during the period. Franklin Resources Inc. grew its holdings in shares of Valmont Industries by 23.3% during the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after acquiring an additional 94,884 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Valmont Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after acquiring an additional 9,201 shares during the period. Earnest Partners LLC grew its holdings in shares of Valmont Industries by 4.3% during the 4th quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after acquiring an additional 16,302 shares during the period. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Valmont Industries by 0.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after acquiring an additional 1,289 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VMI. 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 report on Wednesday, February 19th. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. StockNews.com downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Finally, Stifel Nicolaus boosted their price target on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.

Valmont Industries Stock Performance

Shares of VMI opened at $308.61 on Monday. 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 business's 50 day moving average price is $297.44 and its 200-day moving average price is $318.97. Valmont Industries, Inc. has a 52 week low of $244.83 and a 52 week high of $379.22. The stock has a market cap of $6.19 billion, a P/E ratio of 17.96 and a beta of 1.10.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.88%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

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.

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