Ethic Inc. Sells 1,317 Shares of Valmont Industries, Inc. (NYSE:VMI)

Ethic Inc. cut its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 51.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,239 shares of the industrial products company's stock after selling 1,317 shares during the period. Ethic Inc.'s holdings in Valmont Industries were worth $380,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd raised its position in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares in the last quarter. Quarry LP lifted its position in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 162 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after purchasing an additional 56 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after purchasing an additional 36 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 141 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Price Performance

Shares of VMI traded up $0.05 during mid-day trading on Thursday, reaching $313.56. The company had a trading volume of 33,411 shares, compared to its average volume of 140,830. The company's 50 day simple moving average is $296.49 and its 200 day simple moving average is $319.10. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 18.25 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. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07.

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. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 (DPR) is presently 15.83%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Stifel Nicolaus lifted their price objective 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. DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th. Finally, William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

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.