Allspring Global Investments Holdings LLC Has $7.57 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Allspring Global Investments Holdings LLC lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,241 shares of the industrial products company's stock after selling 744 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.13% of Valmont Industries worth $7,570,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Valmont Industries in the fourth quarter valued at approximately $67,822,000. Franklin Resources Inc. boosted its holdings in shares of Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after buying an additional 94,884 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Valmont Industries by 51,911.3% in the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock valued at $18,405,000 after buying an additional 64,370 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Valmont Industries in the fourth quarter valued at approximately $14,180,000. Finally, Northern Trust Corp boosted its holdings in shares of Valmont Industries by 20.8% in the fourth quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock valued at $61,812,000 after buying an additional 34,666 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

VMI has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st.

Valmont Industries Stock Up 1.4%

VMI traded up $4.61 during trading hours on Tuesday, hitting $342.62. 224,239 shares of the company's stock were exchanged, compared to its average volume of 139,600. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22. The stock's 50-day moving average is $320.90 and its two-hundred day moving average is $316.03. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 19.94 and a beta of 1.12. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. The business had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. Sell-side analysts predict 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 paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio is currently 15.83%.

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.