Robeco Schweiz AG Decreases Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Robeco Schweiz AG cut its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,125 shares of the industrial products company's stock after selling 11,240 shares during the period. Robeco Schweiz AG owned 0.33% of Valmont Industries worth $19,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in Valmont Industries by 25.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,044 shares of the industrial products company's stock valued at $320,000 after purchasing an additional 211 shares during the period. Victory Capital Management Inc. boosted its holdings in Valmont Industries by 24.2% in the 4th quarter. Victory Capital Management Inc. now owns 6,068 shares of the industrial products company's stock valued at $1,861,000 after purchasing an additional 1,184 shares during the period. M&T Bank Corp boosted its holdings in Valmont Industries by 5.9% in the 4th quarter. M&T Bank Corp now owns 1,144 shares of the industrial products company's stock valued at $351,000 after purchasing an additional 64 shares during the period. Raymond James Financial Inc. bought a new position in Valmont Industries in the 4th quarter valued at $4,166,000. Finally, PNC Financial Services Group Inc. boosted 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 purchasing an additional 35 shares during the period. 87.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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 report on Saturday, May 31st. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus raised their price objective on shares of 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

Shares of Valmont Industries stock traded down $4.36 on Friday, hitting $335.74. 165,282 shares of the company traded hands, compared to its average volume of 140,611. The company has a market cap of $6.74 billion, a P/E ratio of 19.54 and a beta of 1.12. The firm's 50-day simple moving average is $323.21 and its 200 day simple moving average is $316.58. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $379.22. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

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

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's payout ratio is presently 15.83%.

About Valmont Industries

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.