Valmont Industries, Inc. (NYSE:VMI) Position Trimmed by Seven Eight Capital LP

Seven Eight Capital LP trimmed its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 16.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,341 shares of the industrial products company’s stock after selling 446 shares during the period. Seven Eight Capital LP’s holdings in Valmont Industries were worth $642,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC raised its stake in Valmont Industries by 2.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 42 shares during the period. WealthPlan Investment Management LLC raised its position in shares of Valmont Industries by 0.3% during the 1st quarter. WealthPlan Investment Management LLC now owns 24,091 shares of the industrial products company’s stock worth $5,500,000 after purchasing an additional 63 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Valmont Industries by 0.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 14,190 shares of the industrial products company’s stock worth $3,240,000 after purchasing an additional 67 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Valmont Industries by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,087 shares of the industrial products company’s stock valued at $1,396,000 after purchasing an additional 70 shares during the period. Finally, Nicollet Investment Management Inc. grew its stake in Valmont Industries by 1.4% during the 1st quarter. Nicollet Investment Management Inc. now owns 5,054 shares of the industrial products company’s stock worth $1,154,000 after buying an additional 71 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Price Performance

Shares of VMI opened at $282.08 on Friday. Valmont Industries, Inc. has a one year low of $188.63 and a one year high of $307.67. The stock’s fifty day moving average is $281.62 and its 200-day moving average is $255.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, topping analysts’ consensus estimates of $4.04 by $0.72. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.06 billion. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. Equities analysts anticipate that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is presently 31.62%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VMI. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. DA Davidson boosted their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus raised their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $332.50.

Insider Transactions at Valmont Industries

In related news, CFO Timothy P. Francis sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total transaction of $686,527.00. Following the completion of the transaction, the chief financial officer now owns 9,471 shares of the company’s stock, valued at $2,826,998.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the completion of the sale, the chief financial officer now directly owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodor Werner Freye sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares in the company, valued at $1,105,942.20. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Valmont Industries Company Profile

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.