Washington Capital Management Inc. Trims Stake in Valmont Industries, Inc. (NYSE:VMI)

Washington Capital Management Inc. reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 48.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the industrial products company's stock after selling 950 shares during the period. Washington Capital Management Inc.'s holdings in Valmont Industries were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in VMI. Barclays PLC grew 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 purchasing an additional 6,927 shares in the last quarter. LaFleur & Godfrey LLC grew its position in shares of Valmont Industries by 2.3% during the 4th quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock valued at $4,254,000 after purchasing an additional 308 shares in the last quarter. Choreo LLC grew its position in shares of Valmont Industries by 18.0% during the 4th quarter. Choreo LLC now owns 1,292 shares of the industrial products company's stock valued at $395,000 after purchasing an additional 197 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Valmont Industries during the 4th quarter valued at $526,000. Finally, Entropy Technologies LP grew its position in shares of Valmont Industries by 85.2% during the 4th quarter. Entropy Technologies LP now owns 1,522 shares of the industrial products company's stock valued at $467,000 after purchasing an additional 700 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Performance

NYSE VMI opened at $325.53 on Friday. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The company has a market capitalization of $6.53 billion, a P/E ratio of 18.95 and a beta of 1.13. The company has a fifty day moving average of $299.84 and a 200-day moving average of $317.24.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. As a group, equities research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio is presently 15.83%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VMI. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th. Finally, Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd.

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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