Cullen Frost Bankers Inc. Sells 75 Shares of Valmont Industries, Inc. (NYSE:VMI)

Cullen Frost Bankers Inc. lowered its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 26.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208 shares of the industrial products company’s stock after selling 75 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Valmont Industries were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $35,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $58,000. Avior Wealth Management LLC raised its holdings in shares of Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Huntington National Bank raised its holdings in shares of Valmont Industries by 16.5% during the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 35 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 36 shares during the period. Institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VMI. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a report on Wednesday, February 19th.

Valmont Industries Stock Performance

NYSE VMI opened at $328.26 on Monday. The company’s fifty day moving average is $329.39 and its two-hundred day moving average is $316.76. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $379.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 19.11 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last posted 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 net margin of 8.55% and a return on equity of 23.15%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm posted $3.18 EPS. Equities research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

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