Gamco Investors INC. ET AL Sells 1,375 Shares of Valmont Industries, Inc. $VMI

Gamco Investors INC. ET AL decreased its stake in Valmont Industries, Inc. (NYSE:VMI) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,990 shares of the industrial products company’s stock after selling 1,375 shares during the period. Gamco Investors INC. ET AL’s holdings in Valmont Industries were worth $23,171,000 as of its most recent filing with the Securities and Exchange Commission.

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

Valmont Industries Trading Down 0.5%

NYSE VMI opened at $486.07 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. Valmont Industries, Inc. has a 52 week low of $353.41 and a 52 week high of $585.71. The business has a 50 day moving average price of $538.15 and a 200-day moving average price of $478.27. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.11 and a beta of 1.33.

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

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th were issued a dividend of $0.77 per share. The ex-dividend date was Friday, June 26th. This represents a $3.08 annualized dividend and a yield of 0.6%. Valmont Industries’s dividend payout ratio is presently 11.99%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings upgraded Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Stifel Nicolaus boosted their price objective on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Zacks Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Valmont Industries presently has an average rating of “Moderate Buy” and an average target price 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.