Valmont Industries, Inc. (NYSE:VMI) Holdings Cut by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC cut its stake in Valmont Industries, Inc. (NYSE:VMI) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,601 shares of the industrial products company’s stock after selling 21,859 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.27% of Valmont Industries worth $16,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in Valmont Industries in the 3rd quarter worth about $35,000. Point72 Asset Management L.P. acquired a new position in Valmont Industries in the third quarter worth approximately $58,000. Avior Wealth Management LLC raised its position in Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in 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 acquiring an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 141 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Trading Down 4.5 %

Valmont Industries stock opened at $265.58 on Friday. The business’s 50-day simple moving average is $323.80 and its 200-day simple moving average is $320.42. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. The firm has a market capitalization of $5.33 billion, a PE ratio of 15.46 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 (NYSE:VMI) last issued its quarterly 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. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same period in the previous year, the company earned $3.18 earnings per share. Equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 1.02%. Valmont Industries’s payout ratio is presently 15.83%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VMI shares. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 29th. DA Davidson downgraded 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. Stifel Nicolaus raised their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, William Blair downgraded Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st.

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.