Gabelli Funds LLC trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,000 shares of the industrial products company’s stock after selling 500 shares during the quarter. Gabelli Funds LLC’s holdings in Valmont Industries were worth $4,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of VMI. Balyasny Asset Management LLC purchased a new stake in shares of Valmont Industries during the second quarter valued at $246,000. Royal Bank of Canada boosted its stake in shares of Valmont Industries by 32.0% during the second quarter. Royal Bank of Canada now owns 29,346 shares of the industrial products company’s stock valued at $4,390,000 after purchasing an additional 7,112 shares during the period. Shelton Capital Management purchased a new stake in shares of Valmont Industries during the second quarter valued at $255,000. Janus Henderson Group PLC purchased a new stake in shares of Valmont Industries during the second quarter valued at $4,809,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Valmont Industries by 1,174.2% during the second quarter. Cubist Systematic Strategies LLC now owns 6,269 shares of the industrial products company’s stock valued at $938,000 after purchasing an additional 5,777 shares during the period. 85.13% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Vanessa Kay Brown sold 3,059 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.74, for a total transaction of $525,352.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.30% of the stock is currently owned by insiders.

VMI has been the subject of a number of recent analyst reports. Boenning Scattergood reissued a “buy” rating and set a $185.00 target price on shares of Valmont Industries in a research note on Friday, November 10th. Zacks Investment Research downgraded Valmont Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Stifel Nicolaus downgraded Valmont Industries from a “buy” rating to a “hold” rating and decreased their price objective for the company from $177.00 to $174.00 in a report on Monday, December 11th. Finally, Seaport Global Securities downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $179.00.

Valmont Industries, Inc. (VMI) opened at $153.70 on Monday. The company has a market cap of $3,474.85, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98. The company has a quick ratio of 2.53, a current ratio of 3.50 and a debt-to-equity ratio of 0.65. Valmont Industries, Inc. has a fifty-two week low of $140.90 and a fifty-two week high of $176.35.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.375 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.98%. Valmont Industries’s payout ratio is 17.90%.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://theolympiareport.com/2018/02/12/valmont-industries-inc-vmi-holdings-reduced-by-gabelli-funds-llc.html.

Valmont Industries Company Profile

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.

Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI).

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

Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.