National Bank of Canada FI Sells 2,410 Shares of Valmont Industries, Inc. (NYSE:VMI)

National Bank of Canada FI reduced its stake in Valmont Industries, Inc. (NYSE:VMIFree Report) by 31.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,304 shares of the industrial products company’s stock after selling 2,410 shares during the period. National Bank of Canada FI’s holdings in Valmont Industries were worth $1,244,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Valmont Industries by 10.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,347 shares of the industrial products company’s stock valued at $564,000 after buying an additional 226 shares in the last quarter. Raymond James & Associates increased its holdings in Valmont Industries by 58.9% during the 3rd quarter. Raymond James & Associates now owns 10,449 shares of the industrial products company’s stock worth $2,510,000 after acquiring an additional 3,872 shares during the period. Mackenzie Financial Corp lifted its stake in Valmont Industries by 17.0% in the 3rd quarter. Mackenzie Financial Corp now owns 1,472 shares of the industrial products company’s stock worth $346,000 after purchasing an additional 214 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Valmont Industries by 360.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 138 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 108 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Valmont Industries by 26.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,029 shares of the industrial products company’s stock valued at $4,331,000 after purchasing an additional 3,815 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. DA Davidson dropped their price objective on Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Stifel Nicolaus restated a “buy” rating and issued a $249.00 price objective on shares of Valmont Industries in a research report on Monday, March 25th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.00.

View Our Latest Analysis on Valmont Industries

Valmont Industries Trading Down 0.1 %

NYSE VMI opened at $259.70 on Wednesday. The company has a quick ratio of 1.65, a current ratio of 2.64 and a debt-to-equity ratio of 0.79. The stock’s 50-day simple moving average is $223.07 and its two-hundred day simple moving average is $221.81. Valmont Industries, Inc. has a twelve month low of $188.63 and a twelve month high of $303.57. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 34.22 and a beta of 1.05.

Valmont Industries (NYSE:VMIGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.08. The company had revenue of $977.83 million for the quarter, compared to analysts’ expectations of $986.98 million. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. Valmont Industries’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the firm posted $3.54 EPS. Research analysts forecast that Valmont Industries, Inc. will post 16 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.60 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.92%. Valmont Industries’s dividend payout ratio (DPR) is 31.62%.

About Valmont Industries

(Free Report)

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.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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