Yousif Capital Management LLC Sells 198 Shares of Valmont Industries, Inc. (NYSE:VMI)

Yousif Capital Management LLC cut its holdings in Valmont Industries, Inc. (NYSE:VMI) by 2.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,908 shares of the industrial products company’s stock after selling 198 shares during the quarter. Yousif Capital Management LLC’s holdings in Valmont Industries were worth $1,971,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VMI. Harbor Capital Advisors Inc. increased its holdings in shares of Valmont Industries by 6.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,160 shares of the industrial products company’s stock worth $1,758,000 after buying an additional 347 shares during the last quarter. Portside Wealth Group LLC increased its stake in Valmont Industries by 13.3% during the first quarter. Portside Wealth Group LLC now owns 939 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 110 shares during the last quarter. Yarbrough Capital LLC raised its position in Valmont Industries by 42.4% during the first quarter. Yarbrough Capital LLC now owns 3,730 shares of the industrial products company’s stock valued at $1,064,000 after purchasing an additional 1,110 shares during the period. Congress Asset Management Co. lifted its stake in shares of Valmont Industries by 10.4% in the 1st quarter. Congress Asset Management Co. now owns 62,045 shares of the industrial products company’s stock valued at $17,706,000 after purchasing an additional 5,852 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Valmont Industries by 38.1% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,571 shares of the industrial products company’s stock worth $734,000 after purchasing an additional 709 shares during the period. Institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on VMI shares. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a report on Wednesday, February 19th. Stifel Nicolaus raised their target price 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. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. Finally, William Blair raised shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $321.75 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $304.82 and its two-hundred day moving average is $316.16. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $379.22. The company has a market capitalization of $6.46 billion, a PE ratio of 18.73 and a beta of 1.13.

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

Valmont Industries Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.85%. Valmont Industries’s payout ratio is 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.