Washington Capital Management Inc. Decreases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Washington Capital Management Inc. decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 48.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VMI. Aster Capital Management DIFC Ltd lifted its stake in shares of Valmont Industries by 175.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company's stock valued at $59,000 after buying an additional 123 shares during the period. Quarry LP increased its stake in Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 162 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 36 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Valmont Industries by 83.4% in the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock valued at $95,000 after purchasing an additional 141 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in Valmont Industries by 17.9% in the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Ratings Changes

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

Valmont Industries Trading Down 0.1%

NYSE VMI traded down $0.31 during mid-day trading on Wednesday, hitting $322.55. The company's stock had a trading volume of 235,833 shares, compared to its average volume of 140,258. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22. The stock's fifty day simple moving average is $301.28 and its two-hundred day simple moving average is $317.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a market capitalization of $6.47 billion, a P/E ratio of 18.77 and a beta of 1.13.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating the consensus estimate of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $969.31 million for the quarter, compared to analyst estimates of $976.04 million. Research analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Announces Dividend

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

About Valmont Industries

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.