Valmont Industries, Inc. (NYSE:VMI) Stake Lessened by US Bancorp DE

US Bancorp DE cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 32.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 0.20% of Valmont Industries worth $11,319,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Valmont Industries by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company's stock valued at $13,289,000 after purchasing an additional 172 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Valmont Industries by 18.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock valued at $736,000 after purchasing an additional 393 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Valmont Industries by 16.1% in the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock valued at $425,000 after purchasing an additional 207 shares during the last quarter. Finally, Aquatic Capital Management LLC raised its stake in Valmont Industries by 16.2% in the fourth quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock valued at $2,025,000 after buying an additional 922 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Insider Activity at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction dated 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 sale, the chief accounting officer owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on VMI. DA Davidson raised 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. Stifel Nicolaus boosted their price objective on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. 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 lowered Valmont Industries from a "buy" rating to a "hold" rating in a research note on Sunday.

Valmont Industries Stock Down 0.5%

Shares of VMI traded down $1.94 during mid-day trading on Thursday, reaching $366.34. The company's stock had a trading volume of 81,647 shares, compared to its average volume of 160,080. The stock has a market cap of $7.23 billion, a PE ratio of 34.16 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $379.22. The company's 50 day moving average is $336.58 and its 200 day moving average is $321.57.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.05 billion during 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%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $4.91 EPS. Equities analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be given a $0.68 dividend. 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 payout ratio is currently 25.33%.

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.