Valmont Industries, Inc. $VMI Shares Sold by Royce & Associates LP

Royce & Associates LP cut its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 107,931 shares of the industrial products company’s stock after selling 1,725 shares during the quarter. Royce & Associates LP’s holdings in Valmont Industries were worth $49,970,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Valmont Industries in the second quarter valued at $28,000. Elevation Wealth Partners LLC boosted its stake in Valmont Industries by 179.2% during the second quarter. Elevation Wealth Partners LLC now owns 67 shares of the industrial products company’s stock valued at $39,000 after buying an additional 43 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Valmont Industries during the third quarter worth about $49,000. Root Financial Partners LLC acquired a new position in Valmont Industries during the third quarter worth about $51,000. Finally, Eurizon Capital SGR S.p.A. raised its position in Valmont Industries by 185.0% in the third quarter. Eurizon Capital SGR S.p.A. now owns 114 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE VMI traded down $1.79 during mid-day trading on Friday, reaching $420.92. The company had a trading volume of 122,716 shares, compared to its average volume of 218,316. The company has a 50-day moving average price of $454.13 and a two-hundred day moving average price of $476.21. The stock has a market cap of $8.06 billion, a PE ratio of 15.62, a P/E/G ratio of 0.95 and a beta of 1.39. The company has a current ratio of 2.41, a quick ratio of 1.56 and a debt-to-equity ratio of 0.43. Valmont Industries, Inc. has a 1-year low of $378.02 and a 1-year high of $585.71.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 20th. The industrial products company reported $6.24 EPS for the quarter, beating the consensus estimate of $5.70 by $0.54. Valmont Industries had a return on equity of 26.25% and a net margin of 12.05%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business posted $4.98 earnings per share. Valmont Industries’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Valmont Industries, Inc. will post 23.33 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 24th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, December 24th. This represents a $3.08 dividend on an annualized basis and a yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is currently 11.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Monday, November 9th. Stifel Nicolaus increased their target price on shares of Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Weiss Ratings cut shares of Valmont Industries from a “buy (b)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Finally, Zacks Research cut shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $587.00.

Valmont Industries Profile

Valmont Industries designs and manufactures products used in infrastructure and agriculture. Founded in 1946, the company has grown from a maker of steel irrigation equipment into a global provider of engineered products and services. Its infrastructure business supplies utility structures, poles and towers, lighting and traffic products, telecommunications structures, and protective coatings. These products support electric power, transportation, communications, and other infrastructure markets.