Bridges Investment Management Inc. Has $758,000 Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Bridges Investment Management Inc. decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,473 shares of the industrial products company’s stock after selling 220 shares during the quarter. Bridges Investment Management Inc.’s holdings in Valmont Industries were worth $758,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in shares of Valmont Industries during the 3rd quarter worth approximately $35,000. Point72 Asset Management L.P. acquired a new position in shares of Valmont Industries during the 3rd quarter worth approximately $58,000. Avior Wealth Management LLC increased its position in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in shares of Valmont Industries during the 3rd quarter worth approximately $66,000. Finally, Huntington National Bank increased its position in shares of Valmont Industries by 16.5% during the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $347.48 on Monday. 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 50 day moving average of $327.03 and a 200-day moving average of $314.99. The company has a market capitalization of $6.97 billion, a P/E ratio of 20.23 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $3.18 EPS. As a group, equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s dividend payout ratio is currently 15.83%.

Wall Street Analysts Forecast Growth

VMI has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th.

Valmont Industries 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.