Securian Asset Management Inc. Sells 100 Shares of Valmont Industries, Inc. (NYSE:VMI)

Securian Asset Management Inc. reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,511 shares of the industrial products company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Valmont Industries were worth $463,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in VMI. Foundry Partners LLC purchased a new position in shares of Valmont Industries during the third quarter valued at about $4,158,000. Covea Finance grew its holdings in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after acquiring an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Valmont Industries in the 3rd quarter worth approximately $466,000. De Lisle Partners LLP raised its position in shares of Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its stake in shares of Valmont Industries by 69.9% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock valued at $2,113,000 after purchasing an additional 2,997 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on VMI. Stifel Nicolaus increased their price objective on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Finally, DA Davidson lowered 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 note on Wednesday, February 19th.

Valmont Industries Trading Down 0.1 %

Valmont Industries stock opened at $327.21 on Tuesday. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 19.05 and a beta of 0.98. The business’s fifty day simple moving average is $331.36 and its two-hundred day simple moving average is $318.38. 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 announced its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the previous year, the business posted $3.18 EPS. As a group, equities analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 0.83%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is 15.83%.

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.