Virtu KCG Holdings LLC decreased its position in Valmont Industries, Inc. (NYSE:VMI) by 41.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,088 shares of the industrial products company’s stock after selling 1,481 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Valmont Industries were worth $312,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in shares of Valmont Industries by 0.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 8 shares in the last quarter. Citigroup Inc. grew its position in shares of Valmont Industries by 0.7% in the 2nd quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock worth $678,000 after acquiring an additional 31 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in shares of Valmont Industries by 0.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,917 shares of the industrial products company’s stock worth $530,000 after acquiring an additional 36 shares in the last quarter. Blair William & Co. IL grew its position in shares of Valmont Industries by 2.9% in the 2nd quarter. Blair William & Co. IL now owns 1,786 shares of the industrial products company’s stock worth $267,000 after acquiring an additional 50 shares in the last quarter. Finally, State Treasurer State of Michigan grew its position in shares of Valmont Industries by 1.1% in the 2nd quarter. State Treasurer State of Michigan now owns 9,300 shares of the industrial products company’s stock worth $1,391,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 83.70% of the company’s stock.
Shares of Valmont Industries, Inc. (NYSE:VMI) traded down 0.25% during mid-day trading on Friday, reaching $159.80. The company’s stock had a trading volume of 49,638 shares. Valmont Industries, Inc. has a 12 month low of $121.05 and a 12 month high of $165.20. The company has a 50 day moving average of $156.03 and a 200-day moving average of $151.54. The firm has a market capitalization of $3.61 billion, a P/E ratio of 19.79 and a beta of 0.99.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). The company had revenue of $680.78 million during the quarter, compared to analyst estimates of $652.65 million. Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $1.48 EPS. Equities research analysts forecast that Valmont Industries, Inc. will post $6.98 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, September 28th. Valmont Industries’s dividend payout ratio (DPR) is currently 17.90%.
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VMI has been the subject of several research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $171.00 target price on shares of Valmont Industries in a research report on Friday, July 14th. BidaskClub upgraded Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Valmont Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. Boenning Scattergood restated a “hold” rating on shares of Valmont Industries in a research report on Thursday, July 20th. Finally, Seaport Global Securities began coverage on Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $176.50.
Valmont Industries Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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