Quadrature Capital Ltd Lowers Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Quadrature Capital Ltd reduced its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 41.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,305 shares of the industrial products company’s stock after selling 10,019 shares during the period. Quadrature Capital Ltd owned about 0.07% of Valmont Industries worth $3,266,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Valmont Industries by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 2,100,156 shares of the industrial products company’s stock valued at $490,407,000 after purchasing an additional 54,189 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Valmont Industries by 0.6% during the 4th quarter. Impax Asset Management Group plc now owns 802,356 shares of the industrial products company’s stock worth $187,358,000 after buying an additional 5,109 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Valmont Industries by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 401,313 shares of the industrial products company’s stock worth $93,711,000 after acquiring an additional 17,631 shares in the last quarter. King Luther Capital Management Corp increased its holdings in shares of Valmont Industries by 3.7% in the 4th quarter. King Luther Capital Management Corp now owns 386,624 shares of the industrial products company’s stock valued at $90,281,000 after acquiring an additional 13,756 shares during the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of Valmont Industries by 36.9% during the 4th quarter. Copeland Capital Management LLC now owns 295,350 shares of the industrial products company’s stock worth $68,967,000 after acquiring an additional 79,647 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on VMI shares. StockNews.com raised Valmont Industries from a “hold” rating to a “buy” rating in a report on Thursday, July 18th. Stifel Nicolaus increased their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Finally, DA Davidson upped their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and an average price target of $332.50.

Valmont Industries Price Performance

VMI stock traded up $2.94 on Friday, reaching $302.59. 185,653 shares of the company’s stock were exchanged, compared to its average volume of 152,750. Valmont Industries, Inc. has a twelve month low of $188.63 and a twelve month high of $307.67. The company has a quick ratio of 1.65, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. The stock has a fifty day moving average of $267.66 and a 200-day moving average of $240.33. The firm has a market cap of $6.11 billion, a PE ratio of 39.87 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $1.08. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. The business had revenue of $977.83 million during the quarter, compared to the consensus estimate of $986.98 million. During the same quarter last year, the firm posted $3.54 EPS. The business’s revenue was down 8.0% compared to the same quarter last year. As a group, equities analysts predict that Valmont Industries, Inc. will post 16.51 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, June 28th. Valmont Industries’s dividend payout ratio is currently 31.62%.

Valmont Industries 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.