Choreo LLC Sells 296 Shares of Valmont Industries, Inc. (NYSE:VMI)

Choreo LLC lowered its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 22.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 996 shares of the industrial products company’s stock after selling 296 shares during the period. Choreo LLC’s holdings in Valmont Industries were worth $285,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new stake in Valmont Industries during the fourth quarter worth approximately $67,822,000. Allianz Asset Management GmbH lifted its position in Valmont Industries by 118.0% during the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company’s stock worth $78,411,000 after acquiring an additional 148,740 shares during the last quarter. Franklin Resources Inc. lifted its position in Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock worth $154,007,000 after acquiring an additional 94,884 shares during the last quarter. GAMMA Investing LLC lifted its position in Valmont Industries by 51,911.3% during the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company’s stock worth $18,405,000 after acquiring an additional 64,370 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in Valmont Industries during the fourth quarter worth approximately $14,180,000. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of analyst reports. William Blair upgraded shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson lifted their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $362.91 on Wednesday. The company’s 50 day simple moving average is $330.62 and its 200 day simple moving average is $319.86. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 33.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $379.22.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.78 by $0.10. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $4.91 earnings per share. As a group, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a $0.68 dividend. The ex-dividend date is Friday, September 26th. This represents a $2.72 dividend on an annualized basis and a yield of 0.75%. Valmont Industries’s dividend payout ratio (DPR) is 25.33%.

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.