Valmont Industries, Inc. (NYSE:VMI) Shares Sold by EDENTREE ASSET MANAGEMENT Ltd

EDENTREE ASSET MANAGEMENT Ltd lessened its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,329 shares of the industrial products company's stock after selling 7,500 shares during the quarter. Valmont Industries accounts for about 2.5% of EDENTREE ASSET MANAGEMENT Ltd's portfolio, making the stock its 13th largest holding. EDENTREE ASSET MANAGEMENT Ltd owned about 0.14% of Valmont Industries worth $8,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of VMI. Aster Capital Management DIFC Ltd raised its holdings in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after purchasing an additional 123 shares during the period. Quarry LP raised its holdings in shares of Valmont Industries by 395.1% during the fourth 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 raised its holdings in shares of Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after acquiring an additional 56 shares during the last quarter. Parkside Financial Bank & Trust raised 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 valued at $76,000 after acquiring an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Trading Up 2.4%

VMI traded up $7.46 during trading hours on Tuesday, reaching $319.92. The company's stock had a trading volume of 23,443 shares, compared to its average volume of 140,429. Valmont Industries, Inc. has a fifty-two week low of $244.83 and a fifty-two week high of $379.22. The stock has a market cap of $6.42 billion, a PE ratio of 18.63 and a beta of 1.10. The business's 50-day moving average is $295.64 and its 200-day moving average is $318.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating 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. As a group, equities research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

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 dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 15.83%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on VMI. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th. Stifel Nicolaus increased their target price on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen lowered Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.

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.