King Luther Capital Management Corp Has $106.89 Million Holdings in Valmont Industries, Inc. (NYSE:VMI)

Key Points

• King Luther Capital Management Corp reduced its stake in Valmont Industries by 1.0% in Q1, holding 374,582 shares valued at approximately $106.9 million.
• Several hedge funds, including Allianz Asset Management and Dimensional Fund Advisors, increased their investments in Valmont Industries during recent quarters.
• Valmont Industries reported a quarterly EPS of $4.88, exceeding estimates, and announced a dividend of $0.68 per share to be paid on October 15th.

King Luther Capital Management Corp decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,582 shares of the industrial products company's stock after selling 3,931 shares during the period. King Luther Capital Management Corp owned 1.87% of Valmont Industries worth $106,894,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Valmont Industries by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after buying an additional 9,201 shares in the last quarter. Earnest Partners LLC raised its position in Valmont Industries by 4.3% in the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after acquiring an additional 16,302 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Valmont Industries by 3.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock valued at $85,583,000 after acquiring an additional 9,979 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Valmont Industries by 118.0% during the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock valued at $78,411,000 after purchasing an additional 148,740 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Valmont Industries by 20.8% in the 4th quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company's stock worth $61,812,000 after purchasing an additional 34,666 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Down 1.1%

Shares of Valmont Industries stock traded down $4.35 during midday trading on Thursday, hitting $376.52. The company's stock had a trading volume of 176,928 shares, compared to its average volume of 161,843. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $384.08. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.43 billion, a P/E ratio of 34.95 and a beta of 1.12. The stock has a 50-day simple moving average of $341.87 and a 200-day simple moving average of $322.67.

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

Valmont Industries Dividend Announcement

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

Insider Activity

In other news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.