American International Group Inc. Lowers Position in Valmont Industries, Inc. (NYSE:VMI)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Valmont Industries by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 238,737 shares of the industrial products company’s stock worth $57,347,000 after acquiring an additional 8,004 shares during the period. Van ECK Associates Corp increased its holdings in shares of Valmont Industries by 37.4% in the third quarter. Van ECK Associates Corp now owns 4,455 shares of the industrial products company’s stock worth $1,070,000 after buying an additional 1,213 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Valmont Industries by 23.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 968 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 182 shares during the period. Pathstone Family Office LLC increased its holdings in Valmont Industries by 53.4% during the 3rd quarter. Pathstone Family Office LLC now owns 5,863 shares of the industrial products company’s stock valued at $1,411,000 after purchasing an additional 2,041 shares during the period. Finally, UBS Group AG increased its holdings in Valmont Industries by 151.9% during the 3rd quarter. UBS Group AG now owns 22,041 shares of the industrial products company’s stock valued at $5,294,000 after purchasing an additional 13,292 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Stock Performance

Valmont Industries stock opened at $264.81 on Tuesday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 34.89 and a beta of 1.04. The company’s 50-day moving average is $236.25 and its 200 day moving average is $228.22. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $303.57. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65.

Valmont Industries (NYSE:VMIGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $1.08. The company had revenue of $977.83 million for the quarter, compared to analyst estimates of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. Valmont Industries’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $3.54 earnings per share. Research analysts forecast that Valmont Industries, Inc. will post 15.94 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 0.91%. Valmont Industries’s dividend payout ratio is presently 31.62%.

Analyst Ratings Changes

Several analysts have weighed in on VMI shares. StockNews.com raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Monday. DA Davidson decreased their target price on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $249.00 price objective on shares of Valmont Industries in a research note on Monday, March 25th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.00.

Read Our Latest Research Report on Valmont Industries

Valmont Industries Company Profile

(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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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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