Robecosam AG lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 33.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,478 shares of the industrial products company’s stock after selling 39,308 shares during the quarter. Robecosam AG owned about 0.35% of Valmont Industries worth $13,233,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Gofen & Glossberg LLC IL bought a new position in Valmont Industries during the third quarter worth $209,000. Clarus Wealth Advisors bought a new position in Valmont Industries during the fourth quarter worth $214,000. State of Alaska Department of Revenue bought a new position in Valmont Industries during the fourth quarter worth $215,000. Trexquant Investment LP bought a new position in Valmont Industries during the third quarter worth $252,000. Finally, BlueCrest Capital Management Ltd bought a new position in Valmont Industries during the fourth quarter worth $253,000. 87.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of Valmont Industries, Inc. (NYSE VMI) opened at $148.50 on Monday. The stock has a market cap of $3,369.97, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The company has a quick ratio of 2.61, a current ratio of 3.65 and a debt-to-equity ratio of 0.65. Valmont Industries, Inc. has a fifty-two week low of $140.10 and a fifty-two week high of $176.35.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, March 28th. Valmont Industries’s payout ratio is 29.30%.
VMI has been the topic of several analyst reports. Seaport Global Securities lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus lowered shares of Valmont Industries from a “buy” rating to a “hold” rating and lowered their price target for the company from $177.00 to $174.00 in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Valmont Industries currently has an average rating of “Hold” and an average target price of $173.75.
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About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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