Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 991 shares of the industrial products company’s stock after selling 55 shares during the period. Asset Management One Co. Ltd.’s holdings in Valmont Industries were worth $304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in Valmont Industries by 34.3% during the fourth quarter. Van ECK Associates Corp now owns 15,436 shares of the industrial products company’s stock worth $4,734,000 after purchasing an additional 3,943 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Valmont Industries during the fourth quarter worth approximately $8,275,000. Entropy Technologies LP increased its position in Valmont Industries by 85.2% during the fourth quarter. Entropy Technologies LP now owns 1,522 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 700 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Valmont Industries during the fourth quarter worth approximately $526,000. Finally, Choreo LLC increased its position in Valmont Industries by 18.0% during the fourth quarter. Choreo LLC now owns 1,292 shares of the industrial products company’s stock worth $395,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

VMI has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research report on Wednesday. Finally, StockNews.com lowered shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Valmont Industries Price Performance

Valmont Industries stock opened at $362.89 on Friday. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22. The firm has a fifty day moving average of $323.66 and a 200-day moving average of $311.72. The firm has a market capitalization of $7.27 billion, a P/E ratio of 21.12 and a beta of 1.05. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion during 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 23.42%. During the same period in the prior year, the firm earned $3.18 earnings per share. As a group, analysts predict that Valmont Industries, Inc. will post 17.96 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date is Friday, March 28th. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.75%. Valmont Industries’s dividend payout ratio is 13.97%.

Insider Activity

In other news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the transaction, the director now directly owns 131,730 shares in the company, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

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.