Jump Financial LLC Has $955,000 Holdings in Valmont Industries, Inc. (NYSE:VMI)

Jump Financial LLC decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 16.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,113 shares of the industrial products company’s stock after selling 605 shares during the period. Jump Financial LLC’s holdings in Valmont Industries were worth $955,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its holdings in Valmont Industries by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock valued at $1,211,000 after purchasing an additional 34 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Valmont Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock valued at $472,000 after buying an additional 35 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after buying an additional 36 shares during the last quarter. Arizona State Retirement System raised its holdings in Valmont Industries by 0.7% in the 4th quarter. Arizona State Retirement System now owns 5,853 shares of the industrial products company’s stock worth $1,795,000 after acquiring an additional 38 shares during the period. Finally, Diametric Capital LP lifted its position in Valmont Industries by 2.2% during the 4th quarter. Diametric Capital LP now owns 1,781 shares of the industrial products company’s stock worth $546,000 after acquiring an additional 39 shares during the last quarter. 87.84% of the stock is owned by institutional investors.

Valmont Industries Stock Down 2.8 %

VMI opened at $270.06 on Tuesday. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The company has a market capitalization of $5.42 billion, a P/E ratio of 15.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm’s fifty day moving average price is $310.37 and its two-hundred day moving average price is $319.51.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the prior year, the business posted $3.18 earnings per share. On average, analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were paid a dividend of $0.68 per share. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, March 28th. Valmont Industries’s dividend payout ratio is currently 15.83%.

Analyst Ratings Changes

A number of equities analysts have recently commented on VMI shares. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective on the stock. in a research note on Wednesday, February 19th. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 29th. William Blair lowered shares of Valmont Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, March 21st. Finally, Stifel Nicolaus cut their price objective on shares of Valmont Industries from $425.00 to $343.00 and set a “buy” rating for the company in a research report on Monday, April 14th.

Valmont Industries Company 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.