Sei Investments Co. Sells 5,400 Shares of Valmont Industries, Inc. $VMI

by · The Cerbat Gem

Sei Investments Co. trimmed its position in Valmont Industries, Inc. (NYSE:VMI – Free Report) by 1.8% during the first quarter, Holdings Channel reports. The firm owned 289,062 shares of the industrial products company’s stock after selling 5,400 shares during the quarter. Sei Investments Co.’s holdings in Valmont Industries were worth $115,504,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of Valmont Industries by 8.3% during the 3rd quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock worth $164,009,000 after buying an additional 32,382 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Valmont Industries by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock valued at $148,509,000 after buying an additional 12,480 shares during the period. AQR Capital Management LLC lifted its position in shares of Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after acquiring an additional 153,418 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Valmont Industries by 3.7% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 252,605 shares of the industrial products company’s stock worth $100,933,000 after purchasing an additional 9,130 shares during the period. Finally, Robert B. Daugherty Foundation acquired a new stake in shares of Valmont Industries during the 4th quarter worth approximately $100,580,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.0%

VMI stock opened at $487.49 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $9.46 billion, a PE ratio of 18.98, a P/E/G ratio of 1.12 and a beta of 1.33. The stock’s 50 day moving average is $538.55 and its 200-day moving average is $478.22. Valmont Industries, Inc. has a twelve month low of $352.60 and a twelve month high of $585.71.

Valmont Industries (NYSE:VMI – Get Free Report) last posted its earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.80 by $0.34. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Valmont Industries, Inc. will post 22.86 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Friday, June 26th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, June 26th. Valmont Industries’s dividend payout ratio is 17.10%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VMI shares. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the company an “outperform” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their price objective on Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus lifted their price objective on Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $587.00.

Get Our Latest Analysis on VMI

Valmont Industries Company Profile

(Free Report)

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.

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