New York State Teachers Retirement System Sells 1,800 Shares of Valmont Industries, Inc. (NYSE:VMI)

New York State Teachers Retirement System lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,540 shares of the industrial products company's stock after selling 1,800 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Valmont Industries worth $6,432,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its position in Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock worth $59,000 after acquiring an additional 123 shares during the last quarter. Quarry LP grew its stake in shares of Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after buying an additional 102 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Valmont Industries in the fourth quarter valued at $161,000. Finally, Savvy Advisors Inc. bought a new position in shares of Valmont Industries in the fourth quarter valued at $229,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Stock Performance

Valmont Industries stock traded up $0.32 during mid-day trading on Friday, hitting $341.58. 142,373 shares of the company's stock traded hands, compared to its average volume of 138,964. The firm has a 50 day simple moving average of $319.06 and a two-hundred day simple moving average of $315.57. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $379.22. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 19.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.26 and a quick ratio of 1.50.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The business had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. On average, research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, June 27th. Valmont Industries's payout ratio is 15.83%.

Wall Street Analyst Weigh In

VMI has been the subject of several analyst reports. Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Stifel Nicolaus raised their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Company 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.