Sumitomo Mitsui Trust Holdings Inc. Sells 3,770 Shares of Valmont Industries, Inc. (NYSE:VMI)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,259 shares of the industrial products company's stock after selling 3,770 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.07% of Valmont Industries worth $3,330,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of VMI. AE Wealth Management LLC bought a new position in Valmont Industries during the third quarter valued at about $221,000. SG Americas Securities LLC increased its stake in shares of Valmont Industries by 975.5% in the third quarter. SG Americas Securities LLC now owns 5,313 shares of the industrial products company's stock worth $1,276,000 after purchasing an additional 4,819 shares during the period. Boston Trust Walden Corp increased its stake in shares of Valmont Industries by 34.5% in the third quarter. Boston Trust Walden Corp now owns 124,682 shares of the industrial products company's stock worth $29,950,000 after purchasing an additional 31,962 shares during the period. L. Roy Papp & Associates LLP increased its stake in shares of Valmont Industries by 5.8% in the third quarter. L. Roy Papp & Associates LLP now owns 27,392 shares of the industrial products company's stock worth $6,580,000 after purchasing an additional 1,511 shares during the period. Finally, Hunter Perkins Capital Management LLC bought a new position in shares of Valmont Industries in the third quarter worth about $721,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VMI. DA Davidson dropped their price objective on Valmont Industries from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Tuesday, February 27th. Stifel Nicolaus restated a "buy" rating and set a $249.00 price target on shares of Valmont Industries in a research note on Monday, March 25th. Finally, StockNews.com raised Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, March 23rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $262.00.

Valmont Industries Stock Performance

Valmont Industries stock traded down $3.21 during trading hours on Thursday, hitting $209.42. The stock had a trading volume of 193,718 shares, compared to its average volume of 166,339. The company has a 50-day moving average of $217.44 and a two-hundred day moving average of $220.99. The company has a quick ratio of 1.56, a current ratio of 2.47 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.23 billion, a PE ratio of 31.07 and a beta of 1.03. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $303.57.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. Valmont Industries had a return on equity of 20.69% and a net margin of 3.44%. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted $3.46 EPS. The company's revenue was down 11.6% compared to the same quarter last year. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 14.9 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.60 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 annualized dividend and a dividend yield of 1.15%. Valmont Industries's dividend payout ratio is currently 35.61%.

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.