Neuberger Berman Group LLC reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,322,180 shares of the industrial products company’s stock after selling 20,558 shares during the quarter. Neuberger Berman Group LLC owned about 5.85% of Valmont Industries worth $209,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMI. Janney Montgomery Scott LLC grew its stake in shares of Valmont Industries by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 8 shares during the last quarter. Sei Investments Co. grew its stake in shares of Valmont Industries by 53.2% during the second quarter. Sei Investments Co. now owns 11,195 shares of the industrial products company’s stock valued at $1,674,000 after purchasing an additional 3,886 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Valmont Industries by 12.9% during the second quarter. TD Asset Management Inc. now owns 10,529 shares of the industrial products company’s stock valued at $1,575,000 after purchasing an additional 1,200 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Valmont Industries by 220.0% during the second quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock valued at $108,000 after purchasing an additional 495 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Valmont Industries by 21.5% during the second quarter. Canada Pension Plan Investment Board now owns 83,134 shares of the industrial products company’s stock valued at $12,437,000 after purchasing an additional 14,700 shares during the last quarter. 85.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Valmont Industries, Inc. (VMI) traded down $0.40 during mid-day trading on Wednesday, reaching $163.20. 143,300 shares of the company’s stock were exchanged, compared to its average volume of 130,508. Valmont Industries, Inc. has a 1 year low of $135.95 and a 1 year high of $176.35. The company has a market capitalization of $3,698.62, a PE ratio of 23.85, a PEG ratio of 2.34 and a beta of 1.06. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The business had revenue of $680.78 million during the quarter, compared to the consensus estimate of $652.65 million. During the same period in the previous year, the business posted $1.48 earnings per share. Valmont Industries’s revenue was up 11.6% compared to the same quarter last year. analysts forecast that Valmont Industries, Inc. will post 6.98 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a $0.375 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.50 annualized dividend and a yield of 0.92%. Valmont Industries’s dividend payout ratio (DPR) is presently 17.90%.

VMI has been the topic of a number of recent research reports. Boenning Scattergood reaffirmed an “outperform” rating on shares of Valmont Industries in a research note on Tuesday, September 5th. Zacks Investment Research cut shares of Valmont Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Seaport Global Securities initiated coverage on shares of Valmont Industries in a research note on Wednesday, September 6th. They issued a “buy” rating and a $160.00 price objective on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $183.00 price objective on shares of Valmont Industries in a research note on Tuesday, October 17th. Finally, BidaskClub cut shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $174.25.

In other Valmont Industries news, VP Vanessa Kay Brown sold 3,059 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.30% of the company’s stock.

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About Valmont Industries

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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