Securian Asset Management Inc. Sells 100 Shares of Valmont Industries, Inc. (NYSE:VMI)

Securian Asset Management Inc. cut its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,511 shares of the industrial products company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Valmont Industries were worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after buying an additional 148,811 shares in the last quarter. US Bancorp DE increased its stake in Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock valued at $18,026,000 after acquiring an additional 56,079 shares during the last quarter. Wellington Management Group LLP raised its position in Valmont Industries by 16.3% during the third quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock valued at $71,825,000 after purchasing an additional 34,772 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Valmont Industries during the fourth quarter worth about $8,275,000. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Valmont Industries by 9.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock worth $83,689,000 after purchasing an additional 25,237 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of research reports. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. DA Davidson lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus upped their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th.

Valmont Industries Trading Down 0.1 %

NYSE VMI opened at $327.21 on Tuesday. The firm has a market cap of $6.57 billion, a PE ratio of 19.05 and a beta of 0.98. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $379.22. The stock has a 50-day moving average of $331.36 and a 200-day moving average of $318.38. 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) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $3.18 earnings per share. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s dividend payout ratio is currently 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.