Valmont Industries, Inc. $VMI is Segall Bryant & Hamill LLC’s 6th Largest Position

Segall Bryant & Hamill LLC lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 20.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 222,248 shares of the industrial products company’s stock after selling 57,162 shares during the quarter. Valmont Industries makes up approximately 1.1% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 6th largest holding. Segall Bryant & Hamill LLC’s holdings in Valmont Industries were worth $88,804,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC grew its stake in shares of Valmont Industries by 0.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock worth $927,000 after acquiring an additional 21 shares during the period. Allen Capital Group LLC lifted its position in Valmont Industries by 2.2% during the fourth quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 24 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Valmont Industries by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after purchasing an additional 29 shares during the last quarter. Rothschild Investment LLC grew its position in Valmont Industries by 7.1% in the 4th quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 30 shares during the period. Finally, Balefire LLC raised its stake in Valmont Industries by 5.1% during the 1st quarter. Balefire LLC now owns 701 shares of the industrial products company’s stock valued at $280,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VMI. Stifel Nicolaus increased their price target on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a report on Monday, July 20th. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Weiss Ratings raised Valmont Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Finally, Zacks Research cut Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries presently has an average rating of “Moderate Buy” and an average target price of $587.00.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Theodor Werner Freye sold 800 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $495.00, for a total value of $396,000.00. Following the completion of the sale, the director owned 2,805 shares in the company, valued at $1,388,475. This represents a 22.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO John L. Schwietz acquired 208 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was bought at an average cost of $486.14 per share, for a total transaction of $101,117.12. Following the purchase, the chief financial officer directly owned 2,992 shares of the company’s stock, valued at approximately $1,454,530.88. This trade represents a 7.47% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.42% of the stock is currently owned by insiders.

Valmont Industries Stock Up 1.3%

Shares of VMI stock opened at $482.69 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.42. Valmont Industries, Inc. has a 12 month low of $353.41 and a 12 month high of $585.71. The stock has a market cap of $9.32 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.09 and a beta of 1.33. The company has a 50 day simple moving average of $535.66 and a two-hundred day simple moving average of $480.26.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share 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 business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $4.88 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts expect that Valmont Industries, Inc. will post 22.96 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 25th. Valmont Industries’s dividend payout ratio (DPR) is currently 11.99%.

About Valmont Industries

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.