Charles Schwab Investment Management Inc. Trims Position in Valmont Industries, Inc. $VMI

Charles Schwab Investment Management Inc. lowered its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 267,758 shares of the industrial products company's stock after selling 3,276 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.33% of Valmont Industries worth $76,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC boosted its position in shares of Valmont Industries by 3.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock valued at $334,000 after acquiring an additional 43 shares during the last quarter. Vestcor Inc boosted its position in shares of Valmont Industries by 2.0% during the 1st quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock valued at $757,000 after acquiring an additional 51 shares during the last quarter. Signaturefd LLC boosted its position in shares of Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 52 shares during the last quarter. TBH Global Asset Management LLC boosted its position in shares of Valmont Industries by 1.5% during the 1st quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock valued at $1,126,000 after acquiring an additional 58 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Valmont Industries by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock valued at $669,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analysts Set New Price Targets

VMI has been the subject of a number of recent research reports. DA Davidson boosted their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Stifel Nicolaus upped their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded up $0.50 during trading on Monday, hitting $374.25. 162,510 shares of the company's stock traded hands, compared to its average volume of 162,284. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $384.08. The stock has a market capitalization of $7.39 billion, a P/E ratio of 34.83 and a beta of 1.12. The business has a 50-day simple moving average of $343.93 and a 200-day simple moving average of $323.20.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the firm posted $4.91 earnings per share. Valmont Industries's revenue was up 1.0% compared to the same quarter last year. As a group, analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's dividend payout ratio (DPR) is presently 25.33%.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Valmont Industries Company 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.