New York State Common Retirement Fund Sells 800 Shares of Valmont Industries, Inc. (NYSE:VMI)

New York State Common Retirement Fund lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,726 shares of the industrial products company's stock after selling 800 shares during the period. New York State Common Retirement Fund owned 0.05% of Valmont Industries worth $3,289,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VMI. Foundry Partners LLC bought a new position in shares of Valmont Industries during the 3rd quarter worth approximately $4,158,000. Covea Finance grew its position 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 buying an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Valmont Industries during the 3rd quarter worth $466,000. De Lisle Partners LLP boosted its holdings in shares of Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock valued at $5,454,000 after buying an additional 5,800 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of Valmont Industries by 12.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company's stock worth $60,497,000 after buying an additional 23,765 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VMI. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Stifel Nicolaus upped their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, DA Davidson downgraded Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a report on Wednesday, February 19th.

Valmont Industries Price Performance

Valmont Industries stock traded up $1.32 during midday trading on Tuesday, reaching $336.22. The company's stock had a trading volume of 66,844 shares, compared to its average volume of 125,428. The business has a 50-day moving average price of $327.55 and a 200-day moving average price of $315.35. The stock has a market cap of $6.74 billion, a PE ratio of 19.53 and a beta of 1.05. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. 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 - Get Free Report) last posted its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same period last year, the company earned $3.18 EPS. On average, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. Valmont Industries's dividend payout ratio (DPR) 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.