Duff & Phelps Investment Management Co. Sells 3,885 Shares of Valmont Industries, Inc. (NYSE:VMI)

Duff & Phelps Investment Management Co. cut its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,366 shares of the industrial products company’s stock after selling 3,885 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Valmont Industries were worth $9,157,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Mather Group LLC. increased its stake in shares of Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after buying an additional 103 shares during the period. Versant Capital Management Inc purchased a new position in Valmont Industries during the 2nd quarter valued at about $52,000. First Horizon Advisors Inc. lifted its holdings in shares of Valmont Industries by 58.0% during the second quarter. First Horizon Advisors Inc. now owns 248 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 91 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Valmont Industries in the first quarter worth $66,000. Finally, TFO Wealth Partners LLC grew its position in Valmont Industries by 51,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 511 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 510 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Stock Up 0.2 %

VMI opened at $289.05 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $5.84 billion, a PE ratio of 38.08 and a beta of 1.03. Valmont Industries, Inc. has a 1-year low of $188.63 and a 1-year high of $307.67. The firm’s 50 day simple moving average is $282.17 and its two-hundred day simple moving average is $258.22.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.72. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. As a group, equities analysts forecast that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, September 27th. Valmont Industries’s dividend payout ratio is 31.62%.

Insiders Place Their Bets

In other Valmont Industries news, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the transaction, the director now owns 3,685 shares of the company’s stock, valued at $1,105,942.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Timothy P. Francis sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the transaction, the chief financial officer now directly owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the sale, the director now directly owns 3,685 shares of the company’s stock, valued at $1,105,942.20. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VMI shares. DA Davidson raised their price target on shares of Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. Finally, Stifel Nicolaus increased their price target on Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Buy” and a consensus target price of $332.50.

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.