American International Group Inc. Sells 1,386 Shares of Valmont Industries, Inc. (NYSE:VMI)

American International Group Inc. cut its stake in Valmont Industries, Inc. (NYSE:VMI) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,229 shares of the industrial products company’s stock after selling 1,386 shares during the quarter. American International Group Inc. owned approximately 0.14% of Valmont Industries worth $6,592,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wambolt & Associates LLC raised its position in shares of Valmont Industries by 24.2% in the fourth quarter. Wambolt & Associates LLC now owns 3,485 shares of the industrial products company’s stock valued at $814,000 after purchasing an additional 679 shares during the period. Robeco Schweiz AG grew its stake in shares of Valmont Industries by 65.2% in the fourth quarter. Robeco Schweiz AG now owns 150,855 shares of the industrial products company’s stock valued at $35,226,000 after acquiring an additional 59,524 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Valmont Industries by 20.6% in the fourth quarter. Victory Capital Management Inc. now owns 246,757 shares of the industrial products company’s stock valued at $57,620,000 after acquiring an additional 42,173 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Valmont Industries by 18.6% in the fourth quarter. Nordea Investment Management AB now owns 12,189 shares of the industrial products company’s stock valued at $2,863,000 after acquiring an additional 1,911 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Valmont Industries by 97.4% in the third quarter. Hsbc Holdings PLC now owns 15,703 shares of the industrial products company’s stock valued at $3,807,000 after acquiring an additional 7,749 shares in the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Trading Down 2.0 %

Shares of Valmont Industries stock opened at $270.85 on Friday. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 35.69 and a beta of 1.04. The company has a quick ratio of 1.65, a current ratio of 2.64 and a debt-to-equity ratio of 0.79. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month high of $303.57. The firm’s 50-day moving average price is $244.91 and its two-hundred day moving average price is $231.61.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.08. The firm had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.54 earnings per share. On average, analysts forecast that Valmont Industries, Inc. will post 15.94 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.60 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.89%. Valmont Industries’s payout ratio is currently 31.62%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. DA Davidson decreased their price target on shares of 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 issued a $249.00 price target on shares of Valmont Industries in a research note on Monday, March 25th. Finally, StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Monday, June 10th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and a consensus price target of $262.00.

Valmont Industries Company 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.