Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Beaconlight Capital LLC

Beaconlight Capital LLC trimmed its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 81.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,983 shares of the industrial products company's stock after selling 17,212 shares during the period. Valmont Industries comprises about 0.5% of Beaconlight Capital LLC's investment portfolio, making the stock its 26th largest position. Beaconlight Capital LLC's holdings in Valmont Industries were worth $1,221,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VMI. Aster Capital Management DIFC Ltd lifted its stake in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares during the period. Quarry LP raised its holdings in Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 162 shares during the last quarter. Avior Wealth Management LLC lifted its stake 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 period. Parkside Financial Bank & Trust boosted its holdings 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 during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of 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 purchasing an additional 141 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Down 1.1 %

Shares of NYSE VMI traded down $3.37 during trading on Tuesday, reaching $303.23. 99,269 shares of the stock were exchanged, compared to its average volume of 144,806. The business's 50-day moving average price is $299.39 and its 200 day moving average price is $319.01. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 17.65 and a beta of 1.10. Valmont Industries, Inc. has a twelve month low of $244.83 and a twelve month high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. As a group, equities analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is currently 15.83%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VMI shares. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th.

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.