Russell Investments Group Ltd. cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,978 shares of the industrial products company's stock after selling 2,872 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Valmont Industries worth $3,980,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of VMI. Oppenheimer Asset Management Inc. raised its position in 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 purchasing an additional 34 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Valmont Industries by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company's stock worth $472,000 after acquiring an additional 35 shares during the period. Parkside Financial Bank & Trust grew its holdings in Valmont Industries by 16.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock worth $76,000 after acquiring an additional 36 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Valmont Industries by 0.7% in 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 in the last quarter. Finally, Diametric Capital LP lifted its position in shares of Valmont Industries by 2.2% in the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock worth $546,000 after purchasing an additional 39 shares during the period. Institutional investors own 87.84% of the company's stock.
Valmont Industries Stock Down 2.8 %
Shares of VMI stock traded down $7.77 during trading hours on Monday, reaching $270.06. 325,184 shares of the company's stock were exchanged, compared to its average volume of 147,998. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $379.22. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The stock has a market cap of $5.42 billion, a PE ratio of 15.72 and a beta of 1.07. The stock's fifty day moving average price is $310.37 and its two-hundred day moving average price is $319.51.
Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the previous year, the firm earned $3.18 EPS. Research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were paid a $0.68 dividend. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 1.01%. Valmont Industries's dividend payout ratio (DPR) is 15.83%.
Analyst Ratings Changes
A number of equities analysts recently commented on VMI shares. Stifel Nicolaus reduced their price objective on shares of Valmont Industries from $425.00 to $343.00 and set a "buy" rating for the company in a research note on Monday, April 14th. StockNews.com downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. William Blair lowered shares of Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday, March 21st. Finally, DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th.
View Our Latest Analysis on VMI
About Valmont Industries
(
Free Report)
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.
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