Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.1% during the fourth quarter, HoldingsChannel reports. The firm owned 55,555 shares of the industrial products company’s stock after selling 53 shares during the period. Valmont Industries accounts for 4.3% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 6th largest position. Pioneer Trust Bank N A OR’s holdings in Valmont Industries were worth $17,037,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Covea Finance boosted its holdings in Valmont Industries by 29.9% in the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after acquiring an additional 3,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Valmont Industries by 70.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company’s stock valued at $14,182,000 after purchasing an additional 19,096 shares during the period. Sanctuary Advisors LLC acquired a new stake in Valmont Industries during the 3rd quarter valued at $698,000. Nordea Investment Management AB lifted its holdings in Valmont Industries by 16.9% in the 4th quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company’s stock worth $5,326,000 after buying an additional 2,521 shares in the last quarter. Finally, US Bancorp DE boosted its position in Valmont Industries by 2,077.0% in the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock valued at $18,026,000 after buying an additional 56,079 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Trading Down 4.5 %

NYSE:VMI opened at $265.58 on Friday. The company has a market cap of $5.33 billion, a PE ratio of 15.46 and a beta of 1.07. The business’s 50 day moving average is $323.80 and its two-hundred day moving average is $320.13. 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, Inc. has a 52 week low of $202.01 and a 52 week high of $379.22.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business posted $3.18 earnings per share. On average, analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a dividend of $0.68 per share. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 1.02%. Valmont Industries’s dividend payout ratio is 15.83%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VMI shares. William Blair lowered Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 29th. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus upped their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 19th.

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.