Sumitomo Mitsui Trust Holdings Inc. Sells 3,770 Shares of Valmont Industries, Inc. (NYSE:VMI)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 20.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,259 shares of the industrial products company’s stock after selling 3,770 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.07% of Valmont Industries worth $3,330,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Treasurer of the State of North Carolina lifted its stake in shares of Valmont Industries by 0.6% in the third quarter. Treasurer of the State of North Carolina now owns 9,110 shares of the industrial products company’s stock worth $2,188,000 after buying an additional 50 shares in the last quarter. D.B. Root & Company LLC raised its holdings in shares of Valmont Industries by 1.6% during the fourth quarter. D.B. Root & Company LLC now owns 3,795 shares of the industrial products company’s stock valued at $886,000 after purchasing an additional 58 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of 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. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Valmont Industries by 5.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,748 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 90 shares during the last quarter. Finally, First National Bank of Omaha raised its holdings in shares of Valmont Industries by 2.4% during the third quarter. First National Bank of Omaha now owns 4,350 shares of the industrial products company’s stock valued at $1,045,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.3 %

Shares of VMI stock opened at $212.79 on Thursday. Valmont Industries, Inc. has a 12 month low of $188.63 and a 12 month high of $303.57. The stock has a market cap of $4.30 billion, a P/E ratio of 31.57 and a beta of 1.03. The company has a current ratio of 2.47, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. The company has a 50 day simple moving average of $217.86 and a two-hundred day simple moving average of $221.08.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The business had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $3.46 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. On average, research analysts expect that Valmont Industries, Inc. will post 14.9 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.60 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. Valmont Industries’s dividend payout ratio (DPR) is presently 35.61%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VMI. Stifel Nicolaus reissued a “buy” rating and set a $249.00 price objective on shares of Valmont Industries in a report on Monday, March 25th. StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 23rd. Finally, DA Davidson decreased their price objective on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.