US Bancorp DE Sells 19,114 Shares of Valmont Industries, Inc. (NYSE:VMI)

US Bancorp DE lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 32.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,665 shares of the industrial products company's stock after selling 19,114 shares during the period. US Bancorp DE owned approximately 0.20% of Valmont Industries worth $11,319,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Shufro Rose & Co. LLC increased its stake in shares of Valmont Industries by 8.3% in the first quarter. Shufro Rose & Co. LLC now owns 1,300 shares of the industrial products company's stock worth $371,000 after buying an additional 100 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Valmont Industries in the first quarter worth $3,603,000. Seizert Capital Partners LLC bought a new stake in shares of Valmont Industries in the first quarter worth $1,733,000. Bayforest Capital Ltd boosted its holdings in Valmont Industries by 123.6% in the first quarter. Bayforest Capital Ltd now owns 1,936 shares of the industrial products company's stock worth $552,000 after purchasing an additional 1,070 shares during the period. Finally, Vestcor Inc increased its stake in Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock valued at $757,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded up $1.89 during trading on Tuesday, hitting $367.48. The stock had a trading volume of 133,874 shares, compared to its average volume of 177,917. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The firm has a market cap of $7.25 billion, a P/E ratio of 34.22 and a beta of 1.12. The business has a fifty day moving average of $334.64 and a two-hundred day moving average of $320.93. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $379.22.

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

Valmont Industries Dividend Announcement

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

Insider Activity at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the completion of the transaction, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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. Stifel Nicolaus upped their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. DA Davidson raised their target price on Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday.

Valmont Industries 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.