California State Teachers Retirement System Decreases Stake in Valmont Industries, Inc. $VMI

California State Teachers Retirement System cut its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 22,588 shares of the industrial products company's stock after selling 626 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Valmont Industries worth $13,046,829 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of VMI. Avalon Trust Co purchased a new position in Valmont Industries during the second quarter worth approximately $22,958,000. De Lisle Partners LLP acquired a new stake in Valmont Industries in the second quarter valued at approximately $13,180,000. Congruence Capital LLC acquired a new stake in shares of Valmont Industries during the 4th quarter worth approximately $15,011,000. Leuthold Group LLC boosted its holdings in Valmont Industries by 983.7% during the fourth quarter. Leuthold Group LLC now owns 11,498 shares of the industrial products company's stock worth $4,626,000 after buying an additional 10,437 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Valmont Industries by 3.7% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company's stock worth $100,933,000 after purchasing an additional 9,130 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Insider Buying and Selling

In other Valmont Industries news, CFO John L. Schwietz purchased 208 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was purchased at an average cost of $486.14 per share, for a total transaction of $101,117.12. Following the acquisition, the chief financial officer owned 2,992 shares in the company, valued at approximately $1,454,530.88. The trade was a 7.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodor Freye sold 800 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $495.00, for a total transaction of $396,000.00. Following the completion of the transaction, the director owned 2,805 shares of the company's stock, valued at $1,388,475. This trade represents a 22.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.42% of the company's stock.

Valmont Industries Trading Up 0.4%

Shares of VMI stock traded up $2.07 on Tuesday, hitting $474.27. 71,263 shares of the company's stock traded hands, compared to its average volume of 195,901. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.55 and a current ratio of 2.35. The company's fifty day simple moving average is $495.57 and its 200 day simple moving average is $487.17. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.10 and a beta of 1.34. Valmont Industries, Inc. has a one year low of $361.50 and a one year high of $585.71.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.34. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.88 EPS. Equities analysts forecast that Valmont Industries, Inc. will post 23.08 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, September 25th. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. Valmont Industries's payout ratio is currently 11.99%.

Wall Street Analyst Weigh In

VMI has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Valmont Industries from $600.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Valmont Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 31st. Stifel Nicolaus increased their price target on shares of Valmont Industries from $645.00 to $678.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Zacks Research downgraded Valmont Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 20th. Finally, Wall Street Zen cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $587.00.

Valmont Industries Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through its Infrastructure and Agriculture segments.

Valmont's Infrastructure segment provides utility and substation structures, engineered poles, lighting and traffic structures, wireless communication infrastructure, transportation products, and protective coatings for steel and other materials.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.