Valmont Industries, Inc. (NYSE:VMI) Holdings Decreased by Invesco Ltd.

Invesco Ltd. decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 10.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 226,310 shares of the industrial products company’s stock after selling 27,206 shares during the period. Invesco Ltd.’s holdings in Valmont Industries were worth $69,402,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Stifel Financial Corp lifted its position in Valmont Industries by 6.9% in the third quarter. Stifel Financial Corp now owns 12,581 shares of the industrial products company’s stock worth $3,648,000 after purchasing an additional 808 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Valmont Industries by 219.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 403 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 277 shares during the period. Barclays PLC lifted its holdings in Valmont Industries by 91.6% in the 3rd quarter. Barclays PLC now owns 14,488 shares of the industrial products company’s stock valued at $4,200,000 after acquiring an additional 6,927 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Valmont Industries by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock valued at $97,428,000 after purchasing an additional 4,940 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Valmont Industries in the 3rd quarter worth approximately $209,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMI has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on shares of Valmont Industries from $425.00 to $343.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. William Blair downgraded Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Finally, DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th.

Valmont Industries Stock Up 0.3 %

NYSE:VMI opened at $284.37 on Tuesday. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 16.55 and a beta of 1.07. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average price is $315.30 and its 200 day moving average price is $319.89.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period in the previous year, the firm posted $3.18 earnings per share. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be given a $0.68 dividend. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, March 28th. 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.