Handelsinvest Investeringsforvaltning Sells 439 Shares of Valmont Industries, Inc. (NYSE:VMI)

Handelsinvest Investeringsforvaltning decreased its holdings in Valmont Industries, Inc. (NYSE:VMI) by 34.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 847 shares of the industrial products company’s stock after selling 439 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Valmont Industries were worth $193,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in Valmont Industries in the fourth quarter worth $29,000. Avior Wealth Management LLC grew its holdings in Valmont Industries by 188.9% in the fourth quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 85 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Valmont Industries by 633.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 114 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in Valmont Industries in the fourth quarter worth $44,000. Finally, Signaturefd LLC grew its holdings in Valmont Industries by 37.3% in the fourth quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on VMI shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $249.00 price target on shares of Valmont Industries in a report on Monday, March 25th. StockNews.com lowered shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Valmont Industries currently has an average rating of “Moderate Buy” and a consensus price target of $262.00.

Valmont Industries Price Performance

Shares of VMI opened at $265.85 on Thursday. The firm has a market capitalization of $5.37 billion, a PE ratio of 35.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $292.06. The company’s fifty day moving average price is $255.39 and its 200-day moving average price is $234.83.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $1.08. The firm had revenue of $977.83 million for the quarter, compared to analyst estimates of $986.98 million. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.54 earnings per share. On average, equities research analysts predict that Valmont Industries, Inc. will post 15.94 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 0.90%. Valmont Industries’s dividend payout ratio is presently 31.62%.

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.