Valmont Industries, Inc. (VMI) Shares Sold by Dean Capital Management

Dean Capital Management lowered its position in Valmont Industries, Inc. (NYSE:VMI) by 27.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,050 shares of the industrial products company’s stock after selling 5,020 shares during the period. Dean Capital Management owned 0.06% of Valmont Industries worth $1,967,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. American Century Companies Inc. increased its stake in Valmont Industries by 18.8% in the first quarter. American Century Companies Inc. now owns 47,019 shares of the industrial products company’s stock valued at $6,879,000 after purchasing an additional 7,435 shares in the last quarter. Swiss National Bank increased its stake in Valmont Industries by 2.3% in the first quarter. Swiss National Bank now owns 39,400 shares of the industrial products company’s stock valued at $5,764,000 after purchasing an additional 900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Valmont Industries by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 92,284 shares of the industrial products company’s stock valued at $13,502,000 after purchasing an additional 5,287 shares in the last quarter. Aperio Group LLC increased its stake in Valmont Industries by 8.0% in the first quarter. Aperio Group LLC now owns 10,075 shares of the industrial products company’s stock valued at $1,474,000 after purchasing an additional 748 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Valmont Industries by 64.8% in the first quarter. Thrivent Financial for Lutherans now owns 125,156 shares of the industrial products company’s stock valued at $18,310,000 after purchasing an additional 49,206 shares in the last quarter. Institutional investors own 87.46% of the company’s stock.

In other news, SVP John A. Kehoe sold 3,059 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $137.50, for a total transaction of $420,612.50. Following the completion of the sale, the senior vice president now directly owns 2,911 shares of the company’s stock, valued at $400,262.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Several equities research analysts have weighed in on the stock. ValuEngine raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Zacks Investment Research downgraded shares of Valmont Industries from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Boenning Scattergood downgraded shares of Valmont Industries from an “outperform” rating to a “neutral” rating in a research note on Friday, July 13th. Stifel Nicolaus lifted their price target on shares of Valmont Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, July 25th. Finally, TheStreet downgraded shares of Valmont Industries from a “b-” rating to a “c+” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Valmont Industries currently has a consensus rating of “Hold” and a consensus target price of $173.33.

Shares of NYSE:VMI traded down $2.99 during midday trading on Friday, hitting $136.50. 75,883 shares of the company’s stock were exchanged, compared to its average volume of 104,929. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.83 and a quick ratio of 2.20. The company has a market cap of $3.10 billion, a PE ratio of 19.58, a PEG ratio of 1.97 and a beta of 1.00. Valmont Industries, Inc. has a 12 month low of $135.00 and a 12 month high of $176.35.

Valmont Industries (NYSE:VMI) last posted its earnings results on Monday, July 23rd. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. The company had revenue of $682.41 million during the quarter, compared to the consensus estimate of $709.92 million. Valmont Industries had a net margin of 3.74% and a return on equity of 13.89%. During the same period in the previous year, the firm posted $2.01 earnings per share. On average, equities research analysts expect that Valmont Industries, Inc. will post 7.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, September 27th. Valmont Industries’s payout ratio is presently 21.52%.

Valmont Industries Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

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

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