Valmont Industries, Inc. (NYSE:VMI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 10.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,445 shares of the industrial products company’s stock after selling 273 shares during the period. SG Americas Securities LLC’s holdings in Valmont Industries were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in VMI. Aster Capital Management DIFC Ltd increased its holdings in shares of Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock worth $59,000 after buying an additional 123 shares during the last quarter. Quarry LP increased its holdings in Valmont Industries by 395.1% in the 4th 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. GAMMA Investing LLC increased its holdings in Valmont Industries by 82.3% in the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 102 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Valmont Industries by 16.9% in the 4th 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. Finally, Venturi Wealth Management LLC increased its holdings in Valmont Industries by 83.4% in the 4th 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. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Saturday, May 31st. Stifel Nicolaus raised their price target on shares of Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, April 23rd. 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 Price Performance

Valmont Industries stock opened at $318.70 on Friday. The stock has a market cap of $6.40 billion, a P/E ratio of 18.55 and a beta of 1.13. The company has a fifty day simple moving average of $309.09 and a 200-day simple moving average of $315.70. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $379.22. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.08. The business had revenue of $969.31 million during the quarter, compared to analysts’ expectations of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. Equities analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. Valmont Industries’s dividend payout ratio (DPR) is currently 15.83%.

Valmont Industries 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.