Ethic Inc. Has $380,000 Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Ethic Inc. decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VMI. Barclays PLC grew its position in shares of Valmont Industries by 91.6% in the third quarter. Barclays PLC now owns 14,488 shares of the industrial products company's stock valued at $4,200,000 after purchasing an additional 6,927 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Valmont Industries during the 4th quarter valued at $528,000. Diversify Wealth Management LLC lifted its position in Valmont Industries by 26.8% during the 4th quarter. Diversify Wealth Management LLC now owns 1,912 shares of the industrial products company's stock worth $578,000 after acquiring an additional 404 shares in the last quarter. LaFleur & Godfrey LLC boosted its stake in shares of Valmont Industries by 2.3% during the 4th quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock valued at $4,254,000 after buying an additional 308 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Valmont Industries by 4.3% during the fourth quarter. SG Americas Securities LLC now owns 2,718 shares of the industrial products company's stock valued at $834,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Price Performance

Shares of VMI traded down $2.96 during mid-day trading on Tuesday, hitting $319.98. The company's stock had a trading volume of 75,679 shares, compared to its average volume of 141,196. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a 50-day moving average price of $296.75 and a 200 day moving average price of $319.14. Valmont Industries, Inc. has a fifty-two week low of $244.83 and a fifty-two week high of $379.22. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 18.63 and a beta of 1.10.

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 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 business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. On average, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th. Finally, StockNews.com downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.

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.