Valmont Industries, Inc. (NYSE:VMI) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,699 shares of the industrial products company’s stock after selling 1,872 shares during the period. J. Safra Sarasin Holding AG owned about 0.14% of Valmont Industries worth $8,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VMI. Dimensional Fund Advisors LP lifted its holdings in shares of Valmont Industries by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company’s stock worth $130,389,000 after purchasing an additional 9,201 shares during the last quarter. Earnest Partners LLC increased its position in Valmont Industries by 4.3% in the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company’s stock worth $121,908,000 after buying an additional 16,302 shares during the period. Segall Bryant & Hamill LLC lifted its stake in Valmont Industries by 3.4% in the first quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company’s stock valued at $85,583,000 after buying an additional 9,979 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Valmont Industries by 118.0% during the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company’s stock valued at $78,411,000 after acquiring an additional 148,740 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Valmont Industries by 20.8% during the fourth 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 during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Trading Down 1.5%

NYSE:VMI opened at $358.64 on Friday. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 33.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $379.22. The business has a fifty day moving average of $333.59 and a 200-day moving average of $320.84.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.78 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.91 earnings per share. Equities analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.72 annualized dividend and a dividend yield of 0.8%. Valmont Industries’s dividend payout ratio (DPR) is 25.33%.

Wall Street Analyst Weigh In

VMI has been the topic of a number of analyst reports. Wall Street Zen cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Sunday. William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus lifted their price target on Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, DA Davidson boosted their price objective on Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd.

About Valmont Industries

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.