Brown Advisory Inc. Lowers Position in Valmont Industries, Inc. (NYSE:VMI)

Brown Advisory Inc. reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 464,574 shares of the industrial products company's stock after selling 46,536 shares during the quarter. Brown Advisory Inc. owned about 2.31% of Valmont Industries worth $132,575,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 worth $610,531,000 after buying an additional 6,967 shares during the period. Franklin Resources Inc. increased its position in shares of Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after acquiring an additional 94,884 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Valmont Industries by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock valued at $130,389,000 after acquiring an additional 9,201 shares during the last quarter. Earnest Partners LLC increased its position in shares of Valmont Industries by 4.3% during the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock valued at $121,908,000 after acquiring an additional 16,302 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in Valmont Industries by 0.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock valued at $88,910,000 after purchasing an additional 1,289 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded up $4.61 during trading hours on Tuesday, reaching $342.62. The company had a trading volume of 224,239 shares, compared to its average volume of 139,595. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $379.22. The business has a fifty day simple moving average of $319.95 and a 200 day simple moving average of $315.85. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.26 and a quick ratio of 1.50. The firm has a market cap of $6.88 billion, a PE ratio of 19.94 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last posted 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 22.27% and a net margin of 8.55%. The firm had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. On average, analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's payout ratio is currently 15.83%.

Analyst Upgrades and Downgrades

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

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.