Robeco Schweiz AG Cuts Stake in Valmont Industries, Inc. (NYSE:VMI)

Robeco Schweiz AG cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,365 shares of the industrial products company’s stock after selling 8,236 shares during the quarter. Robeco Schweiz AG owned 0.39% of Valmont Industries worth $24,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FourThought Financial Partners LLC acquired a new stake in shares of Valmont Industries in the fourth quarter valued at $214,000. Colonial River Investments LLC increased its holdings in Valmont Industries by 7.5% during the 4th quarter. Colonial River Investments LLC now owns 1,456 shares of the industrial products company’s stock worth $447,000 after purchasing an additional 101 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Valmont Industries in the 4th quarter valued at about $2,032,000. First Horizon Advisors Inc. boosted its stake in shares of Valmont Industries by 17.9% in the 4th quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company’s stock valued at $101,000 after buying an additional 50 shares during the period. Finally, Olympiad Research LP purchased a new position in shares of Valmont Industries in the 4th quarter valued at about $253,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

VMI has been the topic of several analyst reports. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted 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, February 19th.

Valmont Industries Trading Up 0.2 %

VMI opened at $348.26 on Thursday. The business’s 50-day simple moving average is $325.50 and its 200-day simple moving average is $313.84. The company has a market cap of $6.98 billion, a P/E ratio of 20.27 and a beta of 1.05. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating the consensus estimate of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $3.18 earnings per share. As a group, equities research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, March 28th. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio is currently 15.83%.

Insiders Place Their Bets

In other news, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares in the company, valued at approximately $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

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.