Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in Valmont Industries, Inc. (NYSE:VMI – Get Rating) by 5.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,326 shares of the industrial products company’s stock after selling 201 shares during the quarter. Federated Hermes Inc.’s holdings in Valmont Industries were worth $893,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Valmont Industries by 3.0% in the third quarter. BlackRock Inc. now owns 1,820,799 shares of the industrial products company’s stock worth $489,104,000 after acquiring an additional 52,554 shares during the period. FMR LLC lifted its holdings in Valmont Industries by 4.5% during the second quarter. FMR LLC now owns 1,271,772 shares of the industrial products company’s stock valued at $285,679,000 after purchasing an additional 54,291 shares in the last quarter. State Street Corp lifted its holdings in Valmont Industries by 1.9% during the second quarter. State Street Corp now owns 607,128 shares of the industrial products company’s stock valued at $136,713,000 after purchasing an additional 11,117 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Valmont Industries by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 467,981 shares of the industrial products company’s stock valued at $125,712,000 after purchasing an additional 10,256 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Valmont Industries by 3.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 413,963 shares of the industrial products company’s stock valued at $92,989,000 after purchasing an additional 13,748 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VMI. DA Davidson reissued a “neutral” rating on shares of Valmont Industries in a research note on Friday, February 24th. Stifel Nicolaus raised their price target on shares of Valmont Industries from $385.00 to $389.00 and gave the stock a “buy” rating in a research note on Friday, January 20th. Finally, StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, November 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and a consensus price target of $324.00.

Valmont Industries Price Performance

Shares of VMI stock opened at $299.12 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.21 and a quick ratio of 1.31. The firm’s 50-day moving average is $323.17 and its two-hundred day moving average is $311.37. Valmont Industries, Inc. has a 12 month low of $213.27 and a 12 month high of $353.36. The company has a market capitalization of $6.39 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.65 and a beta of 1.07.

Valmont Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, March 30th. This is a boost from Valmont Industries’s previous quarterly dividend of $0.55. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.80%. Valmont Industries’s dividend payout ratio (DPR) is currently 18.92%.

Valmont Industries Company Profile

(Get Rating)

Valmont Industries, Inc engages in the designing and manufacturing of engineered fabricated metal products and service. It operates through the following four segments: Engineered Support Structures, Utility Support Structures, Irrigation, and Coatings. The Engineered Support Structures segment produces engineered access systems, highway safety products, and integrated structure solutions for smart cities.