Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 18.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,169 shares of the industrial products company’s stock after selling 1,132 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Valmont Industries were worth $1,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Valmont Industries by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company’s stock valued at $610,531,000 after purchasing an additional 6,967 shares during the period. Franklin Resources Inc. boosted its stake in Valmont Industries by 23.3% during the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock valued at $154,007,000 after purchasing an additional 94,884 shares during the period. Dimensional Fund Advisors LP boosted its stake in Valmont Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company’s stock valued at $130,389,000 after purchasing an additional 9,201 shares during the period. Earnest Partners LLC boosted its stake in Valmont Industries by 4.3% during the 4th quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company’s stock valued at $121,908,000 after purchasing an additional 16,302 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its stake in Valmont Industries by 0.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company’s stock valued at $88,910,000 after purchasing an additional 1,289 shares during the period. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMI has been the subject of a number of research analyst reports. William Blair raised shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus upped their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st.

Valmont Industries Trading Up 0.1%

Shares of NYSE:VMI opened at $341.58 on Friday. The company has a 50 day moving average of $319.06 and a 200-day moving average of $315.55. The firm has a market cap of $6.86 billion, a P/E ratio of 19.88 and a beta of 1.12. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. The business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. As a group, analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries’s dividend payout ratio is presently 15.83%.

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.