Wedge Capital Management L L P NC Decreases Stake in Valmont Industries, Inc. (NYSE:VMI)

Wedge Capital Management L L P NC decreased its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,907 shares of the industrial products company's stock after selling 984 shares during the period. Wedge Capital Management L L P NC owned about 0.05% of Valmont Industries worth $3,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of VMI. Yarbrough Capital LLC grew its position in Valmont Industries by 42.4% during the 1st quarter. Yarbrough Capital LLC now owns 3,730 shares of the industrial products company's stock worth $1,064,000 after purchasing an additional 1,110 shares during the last quarter. Congress Asset Management Co. lifted its position in Valmont Industries by 10.4% during the 1st quarter. Congress Asset Management Co. now owns 62,045 shares of the industrial products company's stock worth $17,706,000 after acquiring an additional 5,852 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Valmont Industries by 38.1% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,571 shares of the industrial products company's stock valued at $734,000 after purchasing an additional 709 shares during the period. Portside Wealth Group LLC increased its holdings in Valmont Industries by 9.8% in the 1st quarter. Portside Wealth Group LLC now owns 829 shares of the industrial products company's stock worth $254,000 after buying an additional 74 shares during the period. Finally, NBC Securities Inc. raised its holdings in shares of Valmont Industries by 162,500.0% during the first quarter. NBC Securities Inc. now owns 1,626 shares of the industrial products company's stock worth $464,000 after purchasing an additional 1,625 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VMI has been the subject of several recent research reports. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" 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 report on Saturday, May 31st. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus increased their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd.

Valmont Industries Trading Down 0.5%

NYSE:VMI traded down $1.70 during trading hours on Tuesday, reaching $323.00. 193,147 shares of the stock were exchanged, compared to its average volume of 141,146. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The business has a 50-day moving average of $300.39 and a two-hundred day moving average of $316.96. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 18.80 and a beta of 1.13. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.08. The firm had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. On average, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is currently 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.