Valmont Industries, Inc. (NYSE:VMI) Stock Holdings Lessened by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL trimmed its stake in Valmont Industries, Inc. (NYSE:VMI) by 2.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,587 shares of the industrial products company’s stock after selling 1,400 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Valmont Industries were worth $21,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd boosted its position in shares of Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 123 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust increased its position 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 worth $76,000 after acquiring an additional 36 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of 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. Finally, First Horizon Advisors Inc. raised its holdings in shares of Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 50 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Trading Down 0.4 %

Shares of NYSE:VMI opened at $282.51 on Wednesday. The firm has a fifty day moving average of $314.34 and a two-hundred day moving average of $319.63. 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 $202.01 and a 12-month high of $379.22. The firm has a market capitalization of $5.67 billion, a P/E ratio of 16.44 and a beta of 1.07.

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

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, March 28th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

Wall Street Analysts Forecast Growth

VMI has been the topic of several research analyst reports. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. DA Davidson downgraded 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 reduced their price objective on Valmont Industries from $425.00 to $343.00 and set a “buy” rating for the company in a research note on Monday. Finally, William Blair lowered Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st.

About Valmont Industries

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.