D. E. Shaw & Co. Inc. Lowers Position in Valmont Industries, Inc. (NYSE:VMI)

D. E. Shaw & Co. Inc. cut its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 29.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,592 shares of the industrial products company's stock after selling 56,290 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.66% of Valmont Industries worth $40,662,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Valmont Industries by 91.6% during the 3rd quarter. Barclays PLC now owns 14,488 shares of the industrial products company's stock worth $4,200,000 after buying an additional 6,927 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Valmont Industries by 16.9% during the 4th quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company's stock worth $5,326,000 after buying an additional 2,521 shares in the last quarter. CHICAGO TRUST Co NA acquired a new position in shares of Valmont Industries during the 4th quarter worth $205,000. Oak Thistle LLC acquired a new position in shares of Valmont Industries during the 4th quarter worth $528,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Valmont Industries by 93,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,862 shares of the industrial products company's stock worth $571,000 after acquiring an additional 1,860 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Valmont Industries Trading Up 0.3%

Shares of VMI stock traded up $1.03 on Tuesday, hitting $322.67. The company had a trading volume of 87,643 shares, compared to its average volume of 142,882. The firm has a market cap of $6.48 billion, a P/E ratio of 18.78 and a beta of 1.10. The stock's 50-day moving average is $296.95 and its two-hundred day moving average is $319.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. Valmont Industries, Inc. has a twelve month low of $244.83 and a twelve month high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly 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. The company had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. On average, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.84%. Valmont Industries's payout ratio is currently 15.83%.

About Valmont Industries

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.