Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in Valmont Industries, Inc. (NYSE:VMI) by 36.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,084 shares of the industrial products company’s stock after selling 89,630 shares during the quarter. Wellington Management Group LLP owned about 0.79% of Valmont Industries worth $48,480,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VMI. Oppenheimer Asset Management Inc. boosted its position in shares of Valmont Industries by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock worth $1,211,000 after purchasing an additional 34 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Valmont Industries by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock worth $472,000 after buying an additional 35 shares during the period. Parkside Financial Bank & Trust grew its stake 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 buying an additional 36 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Valmont Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock valued at $1,795,000 after buying an additional 38 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in Valmont Industries by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,989 shares of the industrial products company’s stock worth $917,000 after acquiring an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VMI. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research note 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. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th. Finally, William Blair cut Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, March 21st.

Valmont Industries Stock Down 4.5 %

Shares of NYSE:VMI opened at $265.58 on Friday. 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 fifty-two week low of $202.01 and a fifty-two week high of $379.22. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 15.46 and a beta of 1.07. The firm’s 50 day moving average price is $323.80 and its 200 day moving average price is $320.42.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm posted $3.18 earnings per share. As a group, equities research analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.68 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 1.02%. Valmont Industries’s 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.