Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Nitorum Capital L.P.

Nitorum Capital L.P. trimmed its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,510 shares of the industrial products company’s stock after selling 13,526 shares during the quarter. Valmont Industries accounts for 1.9% of Nitorum Capital L.P.’s holdings, making the stock its 25th largest holding. Nitorum Capital L.P. owned about 0.27% of Valmont Industries worth $16,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of VMI. Vanguard Group Inc. increased its stake in shares of Valmont Industries by 0.4% during 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. raised its stake in Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock valued at $154,007,000 after buying an additional 94,884 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Valmont Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company’s stock worth $130,389,000 after buying an additional 9,201 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Valmont Industries by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock worth $84,927,000 after acquiring an additional 24,224 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in shares of Valmont Industries by 0.4% in the 4th quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company’s stock valued at $88,910,000 after acquiring an additional 1,289 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

VMI has been the subject of a number of research analyst reports. William Blair raised Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a report on Wednesday, February 19th. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th.

Valmont Industries Stock Performance

Shares of VMI stock opened at $292.81 on Friday. The stock has a fifty day moving average price of $306.66 and a 200 day moving average price of $319.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a market cap of $5.88 billion, a PE ratio of 17.04 and a beta of 1.07. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.08. The business had revenue of $969.31 million during 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%. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is 15.83%.

Valmont Industries 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.