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

Ethic Inc. reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 51.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,239 shares of the industrial products company’s stock after selling 1,317 shares during the period. Ethic Inc.’s holdings in Valmont Industries were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VMI. Oppenheimer Asset Management Inc. grew its position in shares of Valmont Industries by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock valued at $1,211,000 after purchasing an additional 34 shares during the period. PNC Financial Services Group Inc. grew its holdings in Valmont Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock valued at $472,000 after buying an additional 35 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 36 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Valmont Industries by 0.7% during the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock worth $1,795,000 after acquiring an additional 38 shares during the period. Finally, Diametric Capital LP boosted its position in shares of Valmont Industries by 2.2% in the fourth quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company’s stock worth $546,000 after acquiring an additional 39 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on VMI shares. StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th. William Blair upgraded Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus boosted their price target on Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd.

Valmont Industries Price Performance

VMI opened at $325.57 on Friday. The company has a 50 day moving average of $296.83 and a two-hundred day moving average of $319.02. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 52-week low of $244.83 and a 52-week high of $379.22. The company has a market cap of $6.53 billion, a P/E ratio of 18.95 and a beta of 1.10.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.08. The business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. On average, analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.84%. Valmont Industries’s dividend payout ratio (DPR) is presently 15.83%.

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.