Man Group plc Sells 3,075 Shares of Valmont Industries, Inc. (NYSE:VMI)

Man Group plc reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,628 shares of the industrial products company's stock after selling 3,075 shares during the quarter. Man Group plc's holdings in Valmont Industries were worth $2,646,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in VMI. Vanguard Group Inc. lifted its stake in Valmont Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock valued at $610,531,000 after acquiring an additional 6,967 shares during the last quarter. Franklin Resources Inc. lifted its stake in Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after acquiring an additional 94,884 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Valmont Industries by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock valued at $130,389,000 after acquiring an additional 9,201 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of 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 buying an additional 16,302 shares during the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in shares of Valmont Industries by 0.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after buying an additional 1,289 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VMI shares. Wall Street Zen cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. DA Davidson cut shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their price objective 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, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd.

Valmont Industries Stock Performance

VMI stock traded up $7.67 on Tuesday, reaching $320.13. 45,053 shares of the company were exchanged, compared to its average volume of 140,515. Valmont Industries, Inc. has a 12 month low of $244.83 and a 12 month high of $379.22. The stock's fifty day moving average price is $295.64 and its 200 day moving average price is $318.39. The firm has a market capitalization of $6.43 billion, a PE ratio of 18.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) 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, research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is currently 15.83%.

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.