Charles Schwab Investment Management Inc. Decreases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Charles Schwab Investment Management Inc. cut its position in Valmont Industries, Inc. (NYSE:VMI) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,758 shares of the industrial products company’s stock after selling 3,276 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.33% of Valmont Industries worth $76,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH raised its holdings in Valmont Industries by 118.0% in the first quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company’s stock valued at $78,411,000 after acquiring an additional 148,740 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 64,370 shares during the period. Driehaus Capital Management LLC acquired a new stake in shares of Valmont Industries during the fourth quarter worth $14,180,000. Northern Trust Corp raised its holdings in shares of Valmont Industries by 20.8% during the fourth quarter. Northern Trust Corp now owns 201,559 shares of the industrial products company’s stock worth $61,812,000 after purchasing an additional 34,666 shares during the period. Finally, Pennant Investors LP raised its holdings in shares of Valmont Industries by 72.5% during the fourth quarter. Pennant Investors LP now owns 69,000 shares of the industrial products company’s stock worth $21,160,000 after purchasing an additional 29,000 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. William Blair raised shares of Valmont Industries from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 23rd. Wall Street Zen cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. DA Davidson increased their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus increased their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a “buy” rating in a report on Monday, July 21st.

Valmont Industries Stock Up 0.4%

VMI stock opened at $380.52 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $384.09. The firm’s 50-day simple moving average is $341.87 and its 200 day simple moving average is $322.67. The stock has a market cap of $7.51 billion, a PE ratio of 35.43 and a beta of 1.12.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping analysts’ consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $4.91 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current 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 issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries’s dividend payout ratio (DPR) is 25.33%.

Insider Buying and Selling at Valmont Industries

In related news, CAO Timothy P. Francis sold 2,867 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

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.