Charles Schwab Investment Management Inc. Sells 570 Shares of Valmont Industries, Inc. (NYSE:VMI)

Charles Schwab Investment Management Inc. trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,034 shares of the industrial products company’s stock after selling 570 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.35% of Valmont Industries worth $83,118,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Valmont Industries during the third quarter valued at about $35,000. Point72 Asset Management L.P. bought a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $58,000. Avior Wealth Management LLC grew its stake in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the period. Huntington National Bank grew its stake in shares of Valmont Industries by 16.5% in the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 36 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Down 3.0 %

Shares of VMI opened at $317.99 on Tuesday. The company has a market capitalization of $6.37 billion, a P/E ratio of 18.51 and a beta of 0.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The business’s 50 day simple moving average is $329.64 and its 200-day simple moving average is $317.01.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same period in the previous year, the business earned $3.18 EPS. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.68 per share. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a yield of 0.86%. Valmont Industries’s dividend payout ratio is currently 15.83%.

Analyst Ratings Changes

VMI has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th.

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.