Sumitomo Mitsui Trust Group Inc. Sells 1,132 Shares of Valmont Industries, Inc. (NYSE:VMI)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 18.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,169 shares of the industrial products company's stock after selling 1,132 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Valmont Industries were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Valmont Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after buying an additional 6,967 shares during the period. Franklin Resources Inc. boosted its stake in shares of Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after purchasing an additional 94,884 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Valmont Industries by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock valued at $130,389,000 after purchasing an additional 9,201 shares during the period. Earnest Partners LLC boosted its stake in shares of Valmont Industries by 4.3% during the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock valued at $121,908,000 after purchasing an additional 16,302 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Valmont Industries by 0.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock valued at $88,910,000 after purchasing an additional 1,289 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VMI. 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 boosted 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 Stock Up 1.4%

NYSE:VMI traded up $4.61 during mid-day trading on Tuesday, reaching $342.62. The company's stock had a trading volume of 224,239 shares, compared to its average volume of 139,600. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $379.22. The stock has a fifty day moving average of $320.90 and a 200-day moving average of $316.03. The firm has a market capitalization of $6.88 billion, a PE ratio of 19.94 and a beta of 1.12. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45.

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, topping analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. The company had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

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 of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.79%. Valmont Industries's dividend payout ratio 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.