IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 844 Shares of Valmont Industries, Inc. (NYSE:VMI)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 12.4% during the 4th quarter, Holdings Channel reports. The firm owned 5,971 shares of the industrial products company’s stock after selling 844 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Valmont Industries were worth $1,831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Valmont Industries by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 271,604 shares of the industrial products company’s stock worth $78,752,000 after acquiring an additional 3,501 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Valmont Industries during the third quarter worth $558,000. Bank of Montreal Can increased its holdings in shares of Valmont Industries by 371.6% in the third quarter. Bank of Montreal Can now owns 21,927 shares of the industrial products company’s stock valued at $6,338,000 after purchasing an additional 17,278 shares during the last quarter. FMR LLC raised its position in shares of Valmont Industries by 4.0% in the third quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock valued at $101,316,000 after purchasing an additional 13,509 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Valmont Industries during the 3rd quarter worth about $2,588,000. Institutional investors own 87.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. William Blair lowered shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, March 21st. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 19th. Stifel Nicolaus boosted their price target on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th.

Valmont Industries Stock Down 0.4 %

Shares of VMI opened at $299.39 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $379.22. The firm’s 50 day moving average is $330.54 and its 200-day moving average is $319.59. The stock has a market capitalization of $6.01 billion, a PE ratio of 17.43 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter last year, the company earned $3.18 EPS. Equities research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.91%. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. Valmont Industries’s dividend payout ratio is presently 15.83%.

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.