Caxton Associates LP Sells 1,692 Shares of Valmont Industries, Inc. (NYSE:VMI)

Caxton Associates LP reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 60.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,088 shares of the industrial products company's stock after selling 1,692 shares during the period. Caxton Associates LP's holdings in Valmont Industries were worth $334,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of VMI. Aster Capital Management DIFC Ltd lifted its position in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 123 shares in the last quarter. Quarry LP increased its stake in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after purchasing an additional 162 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after purchasing an additional 56 shares during the period. Parkside Financial Bank & Trust lifted its stake in Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 141 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VMI has been the topic of several research reports. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. StockNews.com downgraded shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Finally, DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research note on Wednesday, February 19th.

Valmont Industries Stock Down 0.7 %

VMI stock opened at $301.08 on Thursday. The stock has a 50-day simple moving average of $298.47 and a two-hundred day simple moving average of $318.88. Valmont Industries, Inc. has a twelve month low of $244.83 and a twelve month high of $379.22. The firm has a market capitalization of $6.04 billion, a PE ratio of 17.53 and a beta of 1.10. 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 - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The business had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. On average, equities analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Friday, June 27th. 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.

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