New York State Common Retirement Fund Sells 23,031 Shares of Valmont Industries, Inc. (NYSE:VMI)

New York State Common Retirement Fund lessened its holdings in Valmont Industries, Inc. (NYSE:VMI) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,309 shares of the industrial products company’s stock after selling 23,031 shares during the quarter. New York State Common Retirement Fund’s holdings in Valmont Industries were worth $15,017,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VMI. Duality Advisers LP increased its position in Valmont Industries by 13.6% during the 4th quarter. Duality Advisers LP now owns 1,546 shares of the industrial products company’s stock valued at $361,000 after buying an additional 185 shares in the last quarter. CWM LLC increased its holdings in shares of Valmont Industries by 40,145.3% during the fourth quarter. CWM LLC now owns 47,087 shares of the industrial products company’s stock valued at $10,995,000 after acquiring an additional 46,970 shares in the last quarter. Signaturefd LLC raised its position in shares of Valmont Industries by 37.3% in the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 56 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Valmont Industries by 188.9% in the 4th quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 85 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in Valmont Industries during the 4th quarter valued at about $1,378,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. DA Davidson cut their price target on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Stifel Nicolaus reissued a “buy” rating and issued a $249.00 target price on shares of Valmont Industries in a report on Monday, March 25th. Finally, StockNews.com upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, March 23rd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $262.00.

Valmont Industries Trading Down 0.3 %

NYSE:VMI opened at $209.36 on Tuesday. The company has a market cap of $4.23 billion, a PE ratio of 31.06 and a beta of 1.03. The company has a current ratio of 2.47, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $216.72 and a two-hundred day simple moving average of $220.39. Valmont Industries, Inc. has a 12 month low of $188.63 and a 12 month high of $303.57.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Valmont Industries had a return on equity of 20.69% and a net margin of 3.44%. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $3.46 earnings per share. Valmont Industries’s revenue was down 11.6% compared to the same quarter last year. Research analysts forecast that Valmont Industries, Inc. will post 14.9 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a yield of 1.15%. Valmont Industries’s dividend payout ratio is currently 35.61%.

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.