Valmont Industries, Inc. $VMI Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its stake in Valmont Industries, Inc. (NYSE:VMI) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,381 shares of the industrial products company’s stock after selling 2,248 shares during the quarter. Gabelli Funds LLC’s holdings in Valmont Industries were worth $24,526,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in Valmont Industries during the 3rd quarter worth $1,749,000. Dakota Wealth Management purchased a new position in shares of Valmont Industries during the fourth quarter worth about $581,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Valmont Industries by 6,762.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,853 shares of the industrial products company’s stock worth $3,562,000 after purchasing an additional 8,724 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Valmont Industries by 3.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company’s stock worth $100,933,000 after purchasing an additional 9,130 shares in the last quarter. Finally, Leuthold Group LLC lifted its holdings in shares of Valmont Industries by 983.7% in the 4th quarter. Leuthold Group LLC now owns 11,498 shares of the industrial products company’s stock valued at $4,626,000 after purchasing an additional 10,437 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

NYSE:VMI opened at $486.07 on Friday. The firm’s fifty day simple moving average is $538.15 and its 200-day simple moving average is $478.27. The company has a quick ratio of 1.59, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. The stock has a market cap of $9.43 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.33. Valmont Industries, Inc. has a fifty-two week low of $353.41 and a fifty-two week high of $585.71.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, beating the consensus estimate of $5.80 by $0.34. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 earnings per share. Analysts expect that Valmont Industries, Inc. will post 22.96 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Friday, June 26th were issued a $0.77 dividend. The ex-dividend date was Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is currently 11.99%.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of research analyst reports. Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. lifted their price target on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Finally, Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.00.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.