Jump Financial LLC Reduces Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Jump Financial LLC reduced its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 26.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,200 shares of the industrial products company's stock after selling 6,669 shares during the period. Jump Financial LLC owned 0.09% of Valmont Industries worth $4,250,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in Valmont Industries by 20.6% in the fourth quarter. Victory Capital Management Inc. now owns 246,757 shares of the industrial products company's stock valued at $57,620,000 after purchasing an additional 42,173 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Valmont Industries by 18.6% during the fourth quarter. Nordea Investment Management AB now owns 12,189 shares of the industrial products company's stock worth $2,863,000 after acquiring an additional 1,911 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Valmont Industries by 97.4% during the third quarter. Hsbc Holdings PLC now owns 15,703 shares of the industrial products company's stock worth $3,807,000 after acquiring an additional 7,749 shares during the last quarter. Hamel Associates Inc. grew its position in shares of Valmont Industries by 1.2% during the third quarter. Hamel Associates Inc. now owns 22,607 shares of the industrial products company's stock worth $5,430,000 after acquiring an additional 260 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Valmont Industries by 21.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,622 shares of the industrial products company's stock worth $379,000 after acquiring an additional 281 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VMI has been the topic of a number of research reports. Stifel Nicolaus restated a "buy" rating and set a $249.00 target price on shares of Valmont Industries in a research report on Monday, March 25th. StockNews.com upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, March 23rd. Finally, DA Davidson lowered their target price on shares of Valmont Industries from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $262.00.

Valmont Industries Stock Performance

Shares of NYSE VMI traded up $4.75 during mid-day trading on Friday, hitting $260.25. 207,076 shares of the company were exchanged, compared to its average volume of 220,534. The company has a quick ratio of 1.65, a current ratio of 2.64 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $221.00 and a 200-day simple moving average of $220.96. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $303.57. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 34.29 and a beta of 1.05.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $3.24 by $1.08. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The firm had revenue of $977.83 million during the quarter, compared to the consensus estimate of $986.98 million. During the same period last year, the company earned $3.54 earnings per share. The company's revenue for the quarter was down 8.0% on a year-over-year basis. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 16 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, June 28th. Valmont Industries's dividend payout ratio (DPR) is currently 31.62%.

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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