TIAA CREF Investment Management LLC lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,673 shares of the industrial products company’s stock after selling 3,642 shares during the quarter. TIAA CREF Investment Management LLC owned 0.40% of Valmont Industries worth $13,415,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN raised its holdings in Valmont Industries by 7.7% during the first quarter. Wells Fargo & Company MN now owns 11,540 shares of the industrial products company’s stock valued at $1,795,000 after acquiring an additional 826 shares during the period. World Asset Management Inc lifted its position in shares of Valmont Industries by 10.0% in the first quarter. World Asset Management Inc now owns 1,722 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 157 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Valmont Industries by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 22,463 shares of the industrial products company’s stock valued at $3,493,000 after acquiring an additional 2,611 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of Valmont Industries in the first quarter valued at about $1,374,000. Finally, Sei Investments Co. lifted its position in shares of Valmont Industries by 2.4% in the first quarter. Sei Investments Co. now owns 7,309 shares of the industrial products company’s stock valued at $1,137,000 after acquiring an additional 174 shares in the last quarter. 83.57% of the stock is currently owned by institutional investors and hedge funds.

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Valmont Industries, Inc. (NYSE VMI) opened at 159.20 on Tuesday. The company’s 50-day moving average is $149.77 and its 200 day moving average is $150.68. The stock has a market capitalization of $3.60 billion, a PE ratio of 19.72 and a beta of 0.99. Valmont Industries, Inc. has a 1-year low of $120.65 and a 1-year high of $165.20.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. The company had revenue of $712.70 million during the quarter, compared to analysts’ expectations of $668.06 million. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. Valmont Industries’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.85 EPS. Equities analysts predict that Valmont Industries, Inc. will post $7.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.94%. The ex-dividend date is Thursday, September 28th. Valmont Industries’s payout ratio is currently 18.59%.

VMI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Valmont Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub raised Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Stifel Nicolaus reissued a “buy” rating and set a $171.00 target price on shares of Valmont Industries in a research note on Friday, July 14th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Valmont Industries in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $165.33.

Valmont Industries Profile

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.

Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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