Wellington Management Group LLP decreased its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,084 shares of the industrial products company's stock after selling 89,630 shares during the quarter. Wellington Management Group LLP owned 0.79% of Valmont Industries worth $48,480,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its position in 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 acquiring an additional 123 shares in the last quarter. Quarry LP boosted its stake in shares of Valmont Industries by 395.1% during 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. Avior Wealth Management LLC boosted its stake in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after buying an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after buying an additional 141 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company's stock.
Valmont Industries Stock Performance
Valmont Industries stock traded up $0.88 during mid-day trading on Friday, reaching $318.21. The company's stock had a trading volume of 136,148 shares, compared to its average volume of 140,852. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 18.52 and a beta of 1.10. The business has a 50 day moving average price of $296.92 and a 200-day moving average price of $317.84. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a twelve month low of $244.83 and a twelve month high of $379.22.
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, topping analysts' consensus estimates of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. Sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $0.68 dividend. 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 payout ratio is 15.83%.
Analyst Upgrades and Downgrades
Several research firms have recently 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 research note on Wednesday, February 19th. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus increased their target price on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd.
Check Out Our Latest Stock Analysis on Valmont Industries
Valmont Industries Profile
(
Free Report)
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.
Featured Articles
Before you consider Valmont Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Valmont Industries wasn't on the list.
While Valmont Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
