Duff & Phelps Investment Management Co. Has $7.50 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Duff & Phelps Investment Management Co. trimmed its holdings in Valmont Industries, Inc. (NYSE:VMI) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,442 shares of the industrial products company’s stock after selling 627 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.12% of Valmont Industries worth $7,496,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new stake in shares of Valmont Industries during the third quarter valued at approximately $35,000. Point72 Asset Management L.P. acquired a new position in Valmont Industries during the 3rd quarter worth $58,000. Avior Wealth Management LLC boosted its position 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 valued at $65,000 after buying an additional 56 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Valmont Industries by 83.4% in the 4th quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

VMI has been the topic of a number of recent research reports. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th. William Blair downgraded shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st. DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their target price on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $299.39 on Friday. The firm has a 50 day moving average of $330.54 and a 200-day moving average of $319.59. 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 12 month low of $202.01 and a 12 month high of $379.22. The stock has a market capitalization of $6.01 billion, a PE ratio of 17.43 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last posted its earnings results 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. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $3.18 earnings per share. On average, equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.68 per share. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s dividend payout ratio is currently 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.