Janus Henderson Group PLC reduced its stake in Valmont Industries, Inc. (NYSE:VMI) by 7.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 257,780 shares of the industrial products company’s stock after selling 19,959 shares during the quarter. Janus Henderson Group PLC owned approximately 1.15% of Valmont Industries worth $38,860,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Valmont Industries by 4.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,223 shares of the industrial products company’s stock valued at $4,275,000 after purchasing an additional 1,334 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Valmont Industries by 18.8% in the 1st quarter. American Century Companies Inc. now owns 47,019 shares of the industrial products company’s stock valued at $6,879,000 after purchasing an additional 7,435 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Valmont Industries by 2.3% in the 1st quarter. Swiss National Bank now owns 39,400 shares of the industrial products company’s stock valued at $5,764,000 after purchasing an additional 900 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Valmont Industries by 6.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 92,284 shares of the industrial products company’s stock valued at $13,502,000 after purchasing an additional 5,287 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Valmont Industries by 8.0% in the 1st quarter. Aperio Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $1,474,000 after purchasing an additional 748 shares during the last quarter. 87.51% of the stock is owned by institutional investors and hedge funds.

Shares of VMI stock opened at $137.30 on Monday. Valmont Industries, Inc. has a 52 week low of $135.00 and a 52 week high of $176.35. The company has a current ratio of 2.83, a quick ratio of 2.20 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $3.08 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01.

Valmont Industries (NYSE:VMI) last issued its earnings results on Monday, July 23rd. The industrial products company reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.04. Valmont Industries had a net margin of 3.74% and a return on equity of 13.89%. The business had revenue of $682.41 million for the quarter, compared to the consensus estimate of $709.92 million. During the same quarter last year, the firm posted $2.01 EPS. equities analysts expect that Valmont Industries, Inc. will post 7.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 27th. Valmont Industries’s dividend payout ratio is presently 21.52%.

A number of brokerages have recently commented on VMI. Stifel Nicolaus raised their target price on shares of Valmont Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, July 25th. Zacks Investment Research downgraded shares of Valmont Industries from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, Boenning Scattergood downgraded shares of Valmont Industries from an “outperform” rating to a “neutral” rating in a research note on Friday, July 13th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Valmont Industries currently has a consensus rating of “Hold” and a consensus target price of $173.33.

About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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