BNP Paribas Financial Markets Reduces Stake in Valmont Industries, Inc. (NYSE:VMI)

BNP Paribas Financial Markets reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,377 shares of the industrial products company's stock after selling 3,247 shares during the quarter. BNP Paribas Financial Markets' holdings in Valmont Industries were worth $1,036,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of Valmont Industries by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company's stock valued at $1,211,000 after buying an additional 34 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Valmont Industries by 2.3% during 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 acquiring an additional 35 shares during the period. Parkside Financial Bank & Trust increased its position 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 purchasing an additional 36 shares during the last quarter. Arizona State Retirement System increased its position 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 valued at $1,795,000 after purchasing an additional 38 shares during the last quarter. Finally, Diametric Capital LP increased its position in shares of Valmont Industries by 2.2% during the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock valued at $546,000 after purchasing an additional 39 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VMI has been the subject of several analyst reports. Wall Street Zen lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research report on Wednesday, February 19th. Stifel Nicolaus raised their price target on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.

Valmont Industries Trading Down 0.1%

VMI stock traded down $0.18 during midday trading on Monday, reaching $312.45. The company's stock had a trading volume of 66,272 shares, compared to its average volume of 140,885. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a fifty day simple moving average of $295.64 and a two-hundred day simple moving average of $318.39. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 18.19 and a beta of 1.10. Valmont Industries, Inc. has a 1 year low of $244.83 and a 1 year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. On average, equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.87%. Valmont Industries's dividend 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.