Man Group plc trimmed its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 26.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,628 shares of the industrial products company's stock after selling 3,075 shares during the period. Man Group plc's holdings in Valmont Industries were worth $2,646,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Valmont Industries by 91.6% during the 3rd quarter. Barclays PLC now owns 14,488 shares of the industrial products company's stock valued at $4,200,000 after acquiring an additional 6,927 shares during the period. LaFleur & Godfrey LLC increased its position in Valmont Industries by 2.3% in the 4th quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock valued at $4,254,000 after buying an additional 308 shares in the last quarter. SG Americas Securities LLC raised its stake in Valmont Industries by 4.3% during the 4th quarter. SG Americas Securities LLC now owns 2,718 shares of the industrial products company's stock worth $834,000 after buying an additional 112 shares during the period. Avior Wealth Management LLC boosted its holdings in Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock worth $65,000 after acquiring an additional 56 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Valmont Industries by 7.5% in the fourth quarter. Blue Trust Inc. now owns 1,085 shares of the industrial products company's stock valued at $315,000 after acquiring an additional 76 shares during the period. Institutional investors own 87.84% of the company's stock.
Valmont Industries Stock Performance
Shares of Valmont Industries stock traded down $2.28 during trading hours on Wednesday, hitting $318.20. 10,497 shares of the company's stock traded hands, compared to its average volume of 140,251. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 18.53 and a beta of 1.10. Valmont Industries, Inc. has a 12-month low of $244.83 and a 12-month high of $379.22. The company has a fifty day simple moving average of $295.52 and a 200-day simple moving average of $318.41.
Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.08. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Equities research analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is currently 15.83%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on VMI. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. 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 report on Wednesday, February 19th.
View Our Latest Analysis on VMI
About Valmont Industries
(
Free Report)
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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