King Luther Capital Management Corp lowered its position in Valmont Industries, Inc. (NYSE:VMI) by 1.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 504,582 shares of the industrial products company’s stock after selling 6,438 shares during the quarter. King Luther Capital Management Corp’s holdings in Valmont Industries were worth $65,646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Mason Street Advisors LLC increased its holdings in Valmont Industries by 0.8% in the 1st quarter. Mason Street Advisors LLC now owns 11,668 shares of the industrial products company’s stock worth $1,518,000 after acquiring an additional 98 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in Valmont Industries by 3.7% in the 4th quarter. Commonwealth Bank of Australia now owns 2,800 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 100 shares during the last quarter. Comerica Bank increased its holdings in Valmont Industries by 0.8% in the 4th quarter. Comerica Bank now owns 14,958 shares of the industrial products company’s stock worth $1,886,000 after acquiring an additional 116 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Valmont Industries by 1.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 13,356 shares of the industrial products company’s stock worth $1,375,000 after acquiring an additional 193 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Valmont Industries by 20.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,402 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 235 shares during the last quarter. 86.29% of the stock is owned by institutional investors.

VMI stock traded up $1.61 during mid-day trading on Tuesday, reaching $116.32. 143 shares of the company traded hands, compared to its average volume of 143,071. The company has a quick ratio of 2.05, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.47 billion, a PE ratio of 15.36, a PEG ratio of 1.32 and a beta of 1.35. Valmont Industries, Inc. has a 52-week low of $103.01 and a 52-week high of $157.15.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $1.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.17. The business had revenue of $692.10 million during the quarter, compared to analyst estimates of $683.66 million. Valmont Industries had a return on equity of 14.70% and a net margin of 3.33%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.87 EPS. On average, equities research analysts anticipate that Valmont Industries, Inc. will post 8.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.29%. Valmont Industries’s payout ratio is presently 19.79%.

VMI has been the subject of several recent research reports. Zacks Investment Research raised Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Boenning Scattergood reaffirmed a “hold” rating on shares of Valmont Industries in a report on Thursday, February 21st. TheStreet raised Valmont Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. Stifel Nicolaus raised Valmont Industries from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $153.00 in a report on Thursday, April 25th. Finally, ValuEngine lowered Valmont Industries from a “hold” rating to a “sell” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Valmont Industries has an average rating of “Hold” and a consensus price target of $153.00.

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Valmont Industries Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, 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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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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