Securian Asset Management Inc Trims Position in Valmont Industries, Inc. (NYSE:VMI)

Securian Asset Management Inc cut its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,944 shares of the industrial products company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc’s holdings in Valmont Industries were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in Valmont Industries by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,819 shares of the industrial products company’s stock worth $432,000 after buying an additional 53 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Valmont Industries by 1.9% during the 1st quarter. Captrust Financial Advisors now owns 2,910 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 55 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Valmont Industries by 7.5% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 798 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 56 shares during the period. Profund Advisors LLC grew its stake in Valmont Industries by 5.1% in the 1st quarter. Profund Advisors LLC now owns 1,283 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 62 shares during the period. Finally, Ziegler Capital Management LLC grew its stake in Valmont Industries by 1.4% in the 2nd quarter. Ziegler Capital Management LLC now owns 6,380 shares of the industrial products company’s stock valued at $1,506,000 after acquiring an additional 86 shares during the period. 86.02% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. Boenning Scattergood raised shares of Valmont Industries from a “neutral” rating to an “outperform” rating and set a $350.00 price target on the stock in a research note on Thursday, July 22nd. DA Davidson lifted their price target on shares of Valmont Industries from $215.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday, July 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Valmont Industries has a consensus rating of “Hold” and an average price target of $275.67.

NYSE VMI opened at $240.16 on Friday. Valmont Industries, Inc. has a 52 week low of $117.36 and a 52 week high of $265.09. The company has a quick ratio of 1.34, a current ratio of 2.13 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $238.70 and its 200-day simple moving average is $239.99. The firm has a market cap of $5.09 billion, a PE ratio of 26.74 and a beta of 1.20.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, July 20th. The industrial products company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.56. The firm had revenue of $894.63 million for the quarter, compared to analyst estimates of $815.05 million. Valmont Industries had a net margin of 6.01% and a return on equity of 16.93%. Valmont Industries’s revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 EPS. Research analysts expect that Valmont Industries, Inc. will post 10.8 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Friday, September 24th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 23rd. This represents a $2.00 annualized dividend and a yield of 0.83%. Valmont Industries’s dividend payout ratio (DPR) is currently 24.45%.

Valmont Industries Company Profile

Valmont Industries, Inc engages in the designing and manufacturing of engineered fabricated metal products and service. It operates through the following four segments: Engineered Support Structures, Utility Support Structures, Irrigation, and Coatings. The Engineered Support Structures segment produces engineered access systems, highway safety products, and integrated structure solutions for smart cities.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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