Voloridge Investment Management LLC Reduces Stake in Valmont Industries, Inc. (NYSE:VMI)

Voloridge Investment Management LLC decreased its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,111 shares of the industrial products company's stock after selling 32,360 shares during the period. Voloridge Investment Management LLC owned 0.26% of Valmont Industries worth $15,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VMI. Aster Capital Management DIFC Ltd increased its stake in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares during the period. Quarry LP boosted its holdings in Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after acquiring an additional 162 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Valmont Industries by 16.9% in the fourth 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 lifted its holdings in shares of Valmont Industries by 83.4% in the fourth 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 and hedge funds own 87.84% of the company's stock.

Analyst Ratings Changes

VMI has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Wall Street Zen downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, DA Davidson downgraded 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.

Valmont Industries Stock Performance

Shares of NYSE VMI traded down $1.51 during mid-day trading on Thursday, hitting $316.14. The company had a trading volume of 28,900 shares, compared to its average volume of 140,307. The company has a market capitalization of $6.35 billion, a price-to-earnings ratio of 18.38 and a beta of 1.10. Valmont Industries, Inc. has a 1 year low of $244.83 and a 1 year high of $379.22. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average price is $296.15 and its 200-day moving average price is $318.40.

Valmont Industries (NYSE:VMI - Get Free Report) last posted 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 return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The company also recently announced 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 of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.86%. Valmont Industries's dividend payout ratio (DPR) is 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.