Duff & Phelps Investment Management Co. Sells 627 Shares of Valmont Industries, Inc. (NYSE:VMI)

Duff & Phelps Investment Management Co. lessened its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,442 shares of the industrial products company’s stock after selling 627 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Valmont Industries were worth $7,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $35,000. Point72 Asset Management L.P. purchased a new stake in Valmont Industries in the third quarter worth about $58,000. Avior Wealth Management LLC increased its holdings in Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 56 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Valmont Industries by 16.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted 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 purchasing an additional 141 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Valmont Industries Trading Down 0.4 %

Shares of VMI opened at $299.39 on Friday. The company’s fifty day simple moving average is $330.54 and its 200-day simple moving average is $319.59. The company has a market cap of $6.01 billion, a P/E ratio of 17.43 and a beta of 0.98. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22.

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

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 0.91%. Valmont Industries’s dividend payout ratio (DPR) 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.