Valmont Industries, Inc. (NYSE:VMI) Stock Holdings Lessened by Nitorum Capital L.P.

Nitorum Capital L.P. reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,510 shares of the industrial products company's stock after selling 13,526 shares during the period. Valmont Industries comprises 1.9% of Nitorum Capital L.P.'s portfolio, making the stock its 25th largest position. Nitorum Capital L.P. owned 0.27% of Valmont Industries worth $16,717,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VMI. Barclays PLC lifted its position in shares of Valmont Industries by 91.6% during the third quarter. Barclays PLC now owns 14,488 shares of the industrial products company's stock worth $4,200,000 after purchasing an additional 6,927 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Valmont Industries by 12.2% during the third quarter. Tidal Investments LLC now owns 5,809 shares of the industrial products company's stock worth $1,684,000 after purchasing an additional 633 shares in the last quarter. Synovus Financial Corp lifted its position in shares of Valmont Industries by 65.7% during the third quarter. Synovus Financial Corp now owns 3,837 shares of the industrial products company's stock worth $1,113,000 after purchasing an additional 1,522 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Valmont Industries by 57.6% during the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock worth $123,512,000 after purchasing an additional 148,811 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Valmont Industries by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company's stock worth $84,927,000 after purchasing an additional 24,224 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on VMI shares. StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Stifel Nicolaus upped their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. DA Davidson lowered shares of 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. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded up $8.26 during trading on Thursday, hitting $301.48. 45,016 shares of the stock were exchanged, compared to its average volume of 155,267. The stock's fifty day moving average is $302.72 and its 200 day moving average is $319.00. The stock has a market cap of $6.05 billion, a PE ratio of 17.55 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. Valmont Industries, Inc. has a 12 month low of $225.00 and a 12 month high of $379.22.

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

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.90%. Valmont Industries's dividend payout ratio is presently 15.83%.

Valmont Industries Company 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.