Retirement Systems of Alabama Sells 73 Shares of Valmont Industries, Inc. (NYSE:VMI)

Retirement Systems of Alabama lessened its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,165 shares of the industrial products company’s stock after selling 73 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of Valmont Industries worth $6,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in Valmont Industries by 18.6% during the fourth quarter. Nordea Investment Management AB now owns 12,189 shares of the industrial products company’s stock valued at $2,863,000 after acquiring an additional 1,911 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Valmont Industries by 97.4% during the third quarter. Hsbc Holdings PLC now owns 15,703 shares of the industrial products company’s stock valued at $3,807,000 after purchasing an additional 7,749 shares during the last quarter. Hamel Associates Inc. grew its holdings in Valmont Industries by 1.2% during the third quarter. Hamel Associates Inc. now owns 22,607 shares of the industrial products company’s stock valued at $5,430,000 after purchasing an additional 260 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Valmont Industries by 21.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,622 shares of the industrial products company’s stock valued at $379,000 after purchasing an additional 281 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Valmont Industries by 19.5% during the fourth quarter. Fifth Third Bancorp now owns 454 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 0.7 %

Shares of Valmont Industries stock opened at $246.21 on Friday. The company’s fifty day simple moving average is $216.97 and its 200-day simple moving average is $220.37. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 32.44 and a beta of 1.05. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 0.79. Valmont Industries, Inc. has a 1 year low of $188.63 and a 1 year high of $303.57.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.08. The business had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. Valmont Industries’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter last year, the company posted $3.54 earnings per share. As a group, sell-side analysts expect that Valmont Industries, Inc. will post 15.9 EPS for the current year.

Valmont Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.97%. Valmont Industries’s dividend payout ratio is currently 31.62%.

Analyst Upgrades and Downgrades

VMI has been the topic of several analyst reports. StockNews.com upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. DA Davidson lowered their price target on Valmont Industries from $290.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $249.00 price target on shares of Valmont Industries in a report on Monday, March 25th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $262.00.

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.