Quantbot Technologies LP Sells 1,641 Shares of Valmont Industries, Inc. (NYSE:VMI)

Quantbot Technologies LP cut its position in Valmont Industries, Inc. (NYSE:VMI) by 18.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,285 shares of the industrial products company’s stock after selling 1,641 shares during the period. Quantbot Technologies LP’s holdings in Valmont Industries were worth $2,234,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Summit Global Investments bought a new position in Valmont Industries during the fourth quarter worth $737,000. Teacher Retirement System of Texas boosted its position in Valmont Industries by 193.2% during the fourth quarter. Teacher Retirement System of Texas now owns 13,078 shares of the industrial products company’s stock worth $4,011,000 after purchasing an additional 8,617 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Valmont Industries during the fourth quarter worth $161,000. Xponance Inc. boosted its position in Valmont Industries by 5.7% during the fourth quarter. Xponance Inc. now owns 2,292 shares of the industrial products company’s stock worth $703,000 after purchasing an additional 124 shares during the period. Finally, Boston Partners boosted its position in Valmont Industries by 16.6% during the fourth quarter. Boston Partners now owns 125,878 shares of the industrial products company’s stock worth $39,153,000 after purchasing an additional 17,935 shares during the period. 87.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

VMI has been the subject of a number of research analyst reports. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 19th. Finally, William Blair cut shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday.

Valmont Industries Stock Down 12.5 %

VMI stock opened at $285.69 on Monday. The company has a market cap of $5.73 billion, a PE ratio of 16.63 and a beta of 0.98. The business has a 50-day simple moving average of $332.20 and a 200 day simple moving average of $319.40. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the previous year, the firm earned $3.18 earnings per share. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared 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 boost from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, March 28th. Valmont Industries’s payout ratio is 15.83%.

Valmont Industries 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.