IQ EQ FUND MANAGEMENT IRELAND Ltd Decreases Position in Valmont Industries, Inc. (NYSE:VMI)

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its stake in Valmont Industries by 20.6%, now holding 4,739 shares valued at approximately $1.35 million.
• Valmont Industries reported an EPS of $4.88 for the quarter, exceeding analysts' expectations of $4.78, along with a revenue increase of 1.0% year-over-year.
• The company recently declared a quarterly dividend of $0.68 per share, with the dividend payment scheduled for October 15th, representing an annual yield of 0.7%.

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,739 shares of the industrial products company's stock after selling 1,232 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Valmont Industries were worth $1,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of Valmont Industries by 37.8% in the fourth quarter. LPL Financial LLC now owns 3,999 shares of the industrial products company's stock worth $1,226,000 after buying an additional 1,098 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in Valmont Industries by 11.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,100 shares of the industrial products company's stock valued at $951,000 after acquiring an additional 314 shares during the last quarter. Schroder Investment Management Group purchased a new position in Valmont Industries in the 4th quarter worth approximately $1,438,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Valmont Industries by 44.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,206 shares of the industrial products company's stock worth $370,000 after purchasing an additional 370 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Valmont Industries by 24.6% during the 4th quarter. Alliancebernstein L.P. now owns 40,748 shares of the industrial products company's stock worth $12,496,000 after purchasing an additional 8,047 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Trading Up 0.1%

NYSE:VMI traded up $0.49 on Friday, reaching $368.50. The company's stock had a trading volume of 139,418 shares, compared to its average volume of 160,336. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $379.22. The stock has a 50 day moving average price of $337.56 and a 200 day moving average price of $321.78. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of 34.31 and a beta of 1.12. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48.

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

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, September 26th. Valmont Industries's dividend payout ratio is 25.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price objective on 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 lifted their price target on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the sale, the chief accounting officer owned 9,746 shares in the company, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

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.