Sei Investments Co. reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 24.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,984 shares of the industrial products company’s stock after selling 1,892 shares during the quarter. Sei Investments Co.’s holdings in Valmont Industries were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Garrison Financial Corp grew its holdings in Valmont Industries by 2.6% during the 1st quarter. Garrison Financial Corp now owns 15,567 shares of the industrial products company’s stock valued at $2,277,000 after buying an additional 391 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Valmont Industries by 3.1% in the first quarter. Bahl & Gaynor Inc. now owns 14,335 shares of the industrial products company’s stock valued at $2,097,000 after purchasing an additional 437 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Valmont Industries by 0.4% in the fourth quarter. Two Sigma Advisers LP now owns 120,729 shares of the industrial products company’s stock valued at $20,023,000 after purchasing an additional 500 shares in the last quarter. FDx Advisors Inc. grew its holdings in shares of Valmont Industries by 13.6% in the fourth quarter. FDx Advisors Inc. now owns 4,365 shares of the industrial products company’s stock valued at $724,000 after purchasing an additional 521 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of Valmont Industries by 13.6% in the fourth quarter. Glenmede Trust Co. NA now owns 4,365 shares of the industrial products company’s stock valued at $723,000 after purchasing an additional 521 shares in the last quarter. 86.82% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the stock. Boenning Scattergood reissued a “buy” rating and issued a $185.00 target price on shares of Valmont Industries in a report on Thursday, April 19th. Stifel Nicolaus cut their target price on shares of Valmont Industries from $160.00 to $141.00 and set a “hold” rating for the company in a report on Monday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $169.00.
Valmont Industries opened at $150.75 on Friday, Marketbeat Ratings reports. Valmont Industries, Inc. has a fifty-two week low of $137.90 and a fifty-two week high of $176.35. The company has a quick ratio of 3.08, a current ratio of 4.07 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $3.40 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.03.
Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, April 18th. The industrial products company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. Valmont Industries had a net margin of 4.15% and a return on equity of 14.11%. The firm had revenue of $698.68 million during the quarter, compared to analyst estimates of $682.96 million. During the same period last year, the firm posted $1.72 earnings per share. Valmont Industries’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts predict that Valmont Industries, Inc. will post 8.04 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 1.00%. Valmont Industries’s dividend payout ratio is presently 21.52%.
About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.
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