Teachers Retirement System of The State of Kentucky Sells 3,044 Shares of Valmont Industries, Inc. (NYSE:VMI)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 23.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,070 shares of the industrial products company's stock after selling 3,044 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.05% of Valmont Industries worth $2,873,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Diametric Capital LP raised its stake in Valmont Industries by 2.2% during the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company's stock worth $546,000 after buying an additional 39 shares during the period. Beverly Hills Private Wealth LLC raised its position in Valmont Industries by 3.8% in 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 buying an additional 43 shares during the last quarter. Signaturefd LLC boosted its stake 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 worth $77,000 after buying an additional 52 shares during the last quarter. TBH Global Asset Management LLC grew its stake in Valmont Industries by 1.5% in the first quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock valued at $1,126,000 after purchasing an additional 58 shares in the last quarter. Finally, State of Alaska Department of Revenue increased 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 worth $669,000 after purchasing an additional 60 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VMI has been the topic of several research analyst reports. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Stifel Nicolaus lifted their price target on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a report on Monday. Finally, William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $353.44 on Wednesday. The business has a 50 day moving average price of $325.94 and a 200-day moving average price of $317.60. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $379.22. The company has a market cap of $7.09 billion, a PE ratio of 20.57 and a beta of 1.12. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.72 by $0.16. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.91 earnings per share. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $2.72 annualized dividend and a yield of 0.77%. Valmont Industries's payout ratio 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.

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