Shares of Valmont Industries Inc. (NYSE:VMI) fell 4.9% during trading on Thursday . The stock traded as low as $130.51 and last traded at $130.54, with a volume of 146,429 shares trading hands. The stock had previously closed at $137.22.

Several brokerages have commented on VMI. Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, April 20th. Credit Suisse Group AG reiterated an “underperform” rating on shares of Valmont Industries in a research report on Wednesday, July 6th. Wedbush reiterated a “neutral” rating and set a $128.00 target price (up previously from $118.00) on shares of Valmont Industries in a research report on Monday, April 25th. Finally, TheStreet upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $124.67.

The stock has a market capitalization of $2.97 billion and a price-to-earnings ratio of 53.40. The company’s 50 day moving average price is $134.87 and its 200-day moving average price is $123.45.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.12. The firm earned $640.20 million during the quarter, compared to the consensus estimate of $648.54 million. The business’s revenue was down 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.61 earnings per share. On average, equities analysts expect that Valmont Industries Inc. will post $6.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, June 24th were paid a $0.375 dividend. The ex-dividend date was Wednesday, June 22nd. This represents a $1.50 dividend on an annualized basis and a yield of 1.14%.

A number of hedge funds and institutional investors have recently made changes to their positions in VMI. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Valmont Industries by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 14,988 shares of the company’s stock worth $1,589,000 after buying an additional 5,086 shares during the period. TD Asset Management Inc. boosted its position in shares of Valmont Industries by 1.4% in the fourth quarter. TD Asset Management Inc. now owns 22,393 shares of the company’s stock worth $2,374,000 after buying an additional 300 shares during the period. Russell Frank Co boosted its position in shares of Valmont Industries by 8.8% in the fourth quarter. Russell Frank Co now owns 27,388 shares of the company’s stock worth $2,914,000 after buying an additional 2,218 shares during the period. KBC Group NV boosted its position in shares of Valmont Industries by 109.3% in the fourth quarter. KBC Group NV now owns 27,557 shares of the company’s stock worth $2,922,000 after buying an additional 14,391 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Valmont Industries by 0.7% in the fourth quarter. Rhumbline Advisers now owns 40,467 shares of the company’s stock worth $4,290,000 after buying an additional 269 shares during the period.

Valmont Industries, Inc is a producer of fabricated metal products. The Company’s Engineered Support Structures segment manufactures and distributes engineered metal and composite structures and components for global lighting and traffic, wireless communication, and roadway safety. The Utility Support Structures segment manufactures engineered steel and concrete structures for the utility industry.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.