Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 43.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,969 shares of the industrial products company’s stock after selling 2,250 shares during the quarter. Bridgewater Associates LP’s holdings in Valmont Industries were worth $911,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its position in Valmont Industries by 175.7% in the fourth 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 stake 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 valued at $65,000 after buying an additional 56 shares in the last quarter. Parkside Financial Bank & Trust raised its position 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 worth $76,000 after acquiring an additional 36 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings 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 valued at $95,000 after acquiring an additional 141 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Valmont Industries by 17.9% during the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on VMI shares. William Blair downgraded shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a report on Friday, March 21st. Stifel Nicolaus dropped 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, April 14th. DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research report on Wednesday, February 19th. 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 Trading Down 1.3 %

Shares of VMI opened at $277.35 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 16.14 and a beta of 1.07. The firm has a 50 day simple moving average of $311.41 and a 200-day simple moving average of $319.20.

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

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were paid a dividend of $0.68 per share. This is a boost from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, March 28th. Valmont Industries’s dividend payout ratio (DPR) is currently 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.