Mutual of America Capital Management LLC Reduces Position in Valmont Industries, Inc. (NYSE:VMI)

Mutual of America Capital Management LLC cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,914 shares of the industrial products company’s stock after selling 751 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Valmont Industries worth $3,016,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Belpointe Asset Management LLC grew its holdings in shares of Valmont Industries by 7.6% during the first quarter. Belpointe Asset Management LLC now owns 607 shares of the industrial products company’s stock valued at $194,000 after buying an additional 43 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Valmont Industries by 0.6% during the third quarter. Treasurer of the State of North Carolina now owns 9,110 shares of the industrial products company’s stock valued at $2,188,000 after buying an additional 50 shares during the last quarter. D.B. Root & Company LLC grew 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 buying an additional 58 shares during the last quarter. Fred Alger Management LLC grew its holdings in shares of Valmont Industries by 103.2% during the fourth quarter. Fred Alger Management LLC now owns 128 shares of the industrial products company’s stock valued at $42,000 after buying an additional 65 shares during the last quarter. Finally, Fifth Third Bancorp grew 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 buying an additional 74 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Trading Down 0.7 %

NYSE VMI opened at $209.72 on Friday. The company has a fifty day moving average of $219.67 and a 200 day moving average of $221.80. The company has a market capitalization of $4.24 billion, a PE ratio of 31.12 and a beta of 1.03. Valmont Industries, Inc. has a 1 year low of $188.63 and a 1 year high of $315.88. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.47 and a quick ratio of 1.56.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The business had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.04 billion. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.46 earnings per share. Research analysts forecast that Valmont Industries, Inc. will post 14.75 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. Shareholders of record on Friday, March 29th were given 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 1.14%. Valmont Industries’s dividend payout ratio (DPR) is currently 35.61%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $249.00 target price on shares of Valmont Industries in a research report on Monday, March 25th. DA Davidson decreased their target price on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. Finally, StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 23rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.00.

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.