Duff & Phelps Investment Management Co. Sells 7,000 Shares of Valmont Industries, Inc. (NYSE:VMI)

Duff & Phelps Investment Management Co. trimmed its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,000 shares of the industrial products company's stock after selling 7,000 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.20% of Valmont Industries worth $9,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in shares of Valmont Industries by 33.4% during the 4th quarter. Van ECK Associates Corp now owns 5,941 shares of the industrial products company's stock valued at $1,387,000 after acquiring an additional 1,486 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its position in Valmont Industries by 3.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 1,889 shares of the industrial products company's stock worth $441,000 after purchasing an additional 68 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of Valmont Industries during the 4th quarter worth about $234,000. South Dakota Investment Council acquired a new stake in shares of Valmont Industries during the 4th quarter valued at about $397,000. Finally, Duality Advisers LP grew its stake in shares of Valmont Industries by 13.6% in the 4th quarter. Duality Advisers LP now owns 1,546 shares of the industrial products company's stock valued at $361,000 after buying an additional 185 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DA Davidson cut their price objective on shares of Valmont Industries from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Tuesday, February 27th. StockNews.com upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, March 23rd. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $249.00 price target on shares of Valmont Industries in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $262.00.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded up $3.03 on Wednesday, reaching $207.83. The stock had a trading volume of 253,369 shares, compared to its average volume of 168,334. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $303.57. The business's 50-day moving average price is $216.30 and its two-hundred day moving average price is $220.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.56 and a current ratio of 2.47. The stock has a market cap of $4.20 billion, a P/E ratio of 30.82 and a beta of 1.03.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.08 by $0.10. The company had revenue of $1,000.00 million during the quarter, compared to analysts' expectations of $1.04 billion. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.46 earnings per share. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 14.9 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.15%. Valmont Industries's dividend payout ratio (DPR) is presently 35.61%.

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.