Vaughan Nelson Investment Management L.P. Sells 46,345 Shares of Valmont Industries, Inc. (NYSE:VMI)

Vaughan Nelson Investment Management L.P. lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 26.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,385 shares of the industrial products company's stock after selling 46,345 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.65% of Valmont Industries worth $37,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VMI. Aster Capital Management DIFC Ltd boosted 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 purchasing an additional 123 shares in the last quarter. 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 buying an additional 162 shares during the last quarter. GAMMA Investing LLC raised its holdings in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after buying an additional 102 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after buying an additional 36 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $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 0.0%

NYSE:VMI traded up $0.00 on Wednesday, reaching $322.83. 112,378 shares of the stock traded hands, compared to its average volume of 138,373. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22. The company's 50 day moving average is $306.83 and its 200-day moving average is $316.06. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 18.78 and a beta of 1.13.

Valmont Industries (NYSE:VMI - Get Free Report) last posted 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 net margin of 8.55% and a return on equity of 22.27%. The company had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm 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 dividend of $0.68 per share. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.84%. Valmont Industries's payout ratio is currently 15.83%.

Analyst Ratings Changes

VMI has been the subject of several recent research reports. Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. 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. DA Davidson lowered Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research report on Wednesday, February 19th. Finally, William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

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.