Valmont Industries, Inc. (NYSE:VMI) Stock Position Decreased by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,513 shares of the industrial products company's stock after selling 5,865 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.76% of Valmont Industries worth $46,465,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VMI. Aster Capital Management DIFC Ltd grew its holdings 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 worth $59,000 after acquiring an additional 123 shares during the period. Avior Wealth Management LLC lifted its position in shares of Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Parkside Financial Bank & Trust boosted 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 during the period. Venturi Wealth Management LLC grew its holdings in Valmont Industries by 83.4% during the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after acquiring an additional 141 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock worth $101,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Trading Up 3.6 %

Shares of VMI traded up $10.73 during trading hours on Friday, reaching $309.44. The stock had a trading volume of 67,666 shares, compared to its average volume of 147,194. 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 firm has a 50-day moving average of $301.84 and a 200 day moving average of $318.97. Valmont Industries, Inc. has a 52 week low of $225.00 and a 52 week high of $379.22. The company has a market cap of $6.21 billion, a P/E ratio of 18.00 and a beta of 1.07.

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

Valmont Industries Announces Dividend

The company also recently declared 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. This represents a $2.72 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Analyst Upgrades and Downgrades

VMI has been the subject of several recent analyst reports. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. DA Davidson downgraded 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. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus boosted their target price 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 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.