Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 26.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,385 shares of the industrial products company's stock after selling 46,345 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.65% of Valmont Industries worth $37,493,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd raised its holdings in shares of 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 valued at $59,000 after purchasing an additional 123 shares in the last quarter. Quarry LP raised its holdings in shares of 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 purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 102 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Valmont Industries by 83.4% in the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Down 1.0%

Shares of NYSE VMI traded down $3.40 during trading hours on Friday, hitting $321.75. 130,610 shares of the stock were exchanged, compared to its average volume of 138,599. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The company has a market cap of $6.46 billion, a PE ratio of 18.73 and a beta of 1.13. The firm has a fifty day moving average price of $304.82 and a 200-day moving average price of $316.41. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $379.22.

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, 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 23.15%. The firm had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. On average, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.