Stifel Financial Corp lessened its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,322 shares of the industrial products company's stock after selling 1,259 shares during the quarter. Stifel Financial Corp owned approximately 0.06% of Valmont Industries worth $3,472,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Valmont Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after buying an additional 6,967 shares during the period. Franklin Resources Inc. grew its stake in Valmont Industries by 23.3% during the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after acquiring an additional 94,884 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Valmont Industries by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock valued at $130,389,000 after purchasing an additional 9,201 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Valmont Industries by 9.0% in 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. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Valmont Industries by 0.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after purchasing an additional 1,289 shares during the period. Hedge funds and other institutional investors own 87.84% of the company's stock.
Analyst Upgrades and Downgrades
VMI has been the subject of a number of research analyst reports. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson downgraded 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 note on Wednesday, February 19th. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. Finally, Stifel Nicolaus upped their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.
Read Our Latest Analysis on Valmont Industries
Valmont Industries Stock Performance
VMI stock opened at $307.47 on Friday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 17.90 and a beta of 1.07. The firm has a 50 day moving average of $301.03 and a two-hundred day moving average of $318.99. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12 month low of $242.35 and a 12 month high of $379.22.
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 business had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. As a group, equities analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.88%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.
Valmont Industries Profile
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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.
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