Price T Rowe Associates Inc. MD Reduces Stake in Valmont Industries, Inc. (NYSE:VMI)

Price T Rowe Associates Inc. MD reduced its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,135 shares of the industrial products company's stock after selling 6,544 shares during the period. Price T Rowe Associates Inc. MD owned about 0.10% of Valmont Industries worth $6,176,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd raised its holdings in Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares during the last quarter. Avior Wealth Management LLC boosted its holdings 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 period. Parkside Financial Bank & Trust increased its holdings in 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 purchasing an additional 36 shares during the period. Venturi Wealth Management LLC raised its position 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 valued at $95,000 after purchasing an additional 141 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Valmont Industries by 17.9% during the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 50 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Nicolaus boosted 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. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research report on Wednesday, February 19th. StockNews.com lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Finally, William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Stock Down 0.7 %

NYSE:VMI traded down $2.11 during mid-day trading on Wednesday, hitting $301.08. 99,394 shares of the company's stock were exchanged, compared to its average volume of 144,625. Valmont Industries, Inc. has a one year low of $244.83 and a one year high of $379.22. The business has a fifty day moving average price of $299.39 and a 200 day moving average price of $319.01. The company has a market cap of $6.04 billion, a PE ratio of 17.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

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

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is 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.