Yarbrough Capital LLC cut its holdings in Valmont Industries, Inc. (NYSE:VMI – Get Rating) by 19.9% in the second quarter, HoldingsChannel reports. The firm owned 3,176 shares of the industrial products company's stock after selling 791 shares during the quarter. Yarbrough Capital LLC's holdings in Valmont Industries were worth $713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in Valmont Industries by 69.6% in the first quarter. Quadrant Capital Group LLC now owns 117 shares of the industrial products company's stock worth $28,000 after buying an additional 48 shares during the last quarter. Covestor Ltd lifted its position in Valmont Industries by 347.4% in the first quarter. Covestor Ltd now owns 170 shares of the industrial products company's stock worth $41,000 after buying an additional 132 shares during the last quarter. Quantbot Technologies LP bought a new stake in Valmont Industries in the first quarter worth $67,000. Point72 Hong Kong Ltd bought a new stake in Valmont Industries in the fourth quarter worth $166,000. Finally, Gotham Asset Management LLC bought a new stake in Valmont Industries in the fourth quarter worth $205,000. 88.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, SVP Timothy P. Francis sold 980 shares of Valmont Industries stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $284.98, for a total value of $279,280.40. Following the transaction, the senior vice president now owns 5,938 shares in the company, valued at $1,692,211.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Valmont Industries news, SVP Timothy P. Francis sold 980 shares of Valmont Industries stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $284.98, for a total value of $279,280.40. Following the transaction, the senior vice president now owns 5,938 shares in the company, valued at $1,692,211.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen G. Kaniewski sold 12,076 shares of Valmont Industries stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $269.41, for a total value of $3,253,395.16. Following the completion of the transaction, the chief executive officer now owns 43,844 shares in the company, valued at approximately $11,812,012.04. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Valmont Industries Stock Down 1.4 %

Shares of Valmont Industries stock traded down $3.91 during trading on Friday, hitting $271.85. 339,262 shares of the stock traded hands, compared to its average volume of 76,868. The firm has a market cap of $5.80 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.66 and a beta of 1.11. The company has a current ratio of 2.23, a quick ratio of 1.29 and a debt-to-equity ratio of 0.64. Valmont Industries, Inc. has a 52-week low of $203.30 and a 52-week high of $289.98. The stock's fifty day simple moving average is $267.89 and its 200 day simple moving average is $250.19.

Valmont Industries (NYSE:VMI – Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The industrial products company reported $3.70 EPS for the quarter, beating the consensus estimate of $3.34 by $0.36. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1 billion. Valmont Industries had a return on equity of 17.71% and a net margin of 5.49%. The business's revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.06 earnings per share. On average, equities analysts predict that Valmont Industries, Inc. will post 13.86 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 23rd will be paid a $0.55 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $2.20 annualized dividend and a yield of 0.81%. Valmont Industries's dividend payout ratio (DPR) is presently 21.83%.

Valmont Industries Company Profile

(Get Rating)

Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Brazil, Denmark, and internationally. It operates through two segments: Infrastructure and Agriculture. The company manufactures and distributes engineered metal, steel, wood, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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