Valmont Industries, Inc. (NYSE:VMI) Holdings Trimmed by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 49.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,377 shares of the industrial products company’s stock after selling 3,247 shares during the period. BNP Paribas Financial Markets’ holdings in Valmont Industries were worth $1,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Valmont Industries during the 4th quarter valued at $67,822,000. Franklin Resources Inc. grew its holdings in shares of Valmont Industries by 23.3% during the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock valued at $154,007,000 after acquiring an additional 94,884 shares in the last quarter. US Bancorp DE grew its holdings in shares of Valmont Industries by 2,077.0% during the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock valued at $18,026,000 after acquiring an additional 56,079 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Valmont Industries by 20.8% during the 4th quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company’s stock valued at $61,812,000 after acquiring an additional 34,666 shares in the last quarter. Finally, Pennant Investors LP grew its holdings in shares of Valmont Industries by 72.5% during the 4th quarter. Pennant Investors LP now owns 69,000 shares of the industrial products company’s stock valued at $21,160,000 after acquiring an additional 29,000 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VMI has been the topic of several research analyst reports. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a report on Wednesday, February 19th. William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd.

Valmont Industries Trading Down 0.9%

Shares of NYSE:VMI opened at $319.98 on Wednesday. The stock has a market capitalization of $6.42 billion, a PE ratio of 18.63 and a beta of 1.10. Valmont Industries, Inc. has a 1 year low of $244.83 and a 1 year high of $379.22. The firm has a fifty day moving average price of $296.78 and a 200 day moving average price of $319.15. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.08. The firm had revenue of $969.31 million during the quarter, compared to analysts’ expectations of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. Analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, June 27th. Valmont Industries’s dividend payout ratio is 15.83%.

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.