Valmont Industries, Inc. (NYSE:VMI) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 345,900 shares, an increase of 17.0% from the June 30th total of 295,600 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average trading volume of 143,900 shares, the days-to-cover ratio is presently 2.4 days.

A number of brokerages have issued reports on VMI. TheStreet lowered Valmont Industries from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Zacks Investment Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating and set a $144.00 target price on the stock. in a research report on Saturday, July 27th. Stifel Nicolaus raised Valmont Industries from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $153.00 in a research report on Thursday, April 25th. Finally, ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $148.50.

Shares of VMI traded down $2.73 during trading on Wednesday, reaching $129.24. The company’s stock had a trading volume of 785 shares, compared to its average volume of 143,328. The business’s fifty day moving average price is $130.47. Valmont Industries has a twelve month low of $103.01 and a twelve month high of $142.55. The company has a market cap of $2.89 billion, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.89 and a current ratio of 2.71.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.14). Valmont Industries had a net margin of 3.61% and a return on equity of 14.86%. The business had revenue of $700.90 million during the quarter, compared to analyst estimates of $725.44 million. During the same period in the previous year, the company earned $1.98 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts anticipate that Valmont Industries will post 8.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, June 27th. Valmont Industries’s payout ratio is 19.79%.

In other Valmont Industries news, Director Daas Kaj Den sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $138.62, for a total value of $97,034.00. Following the completion of the transaction, the director now owns 11,678 shares in the company, valued at approximately $1,618,804.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mark C. Jaksich sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $137.19, for a total value of $1,028,925.00. Following the completion of the transaction, the vice president now directly owns 24,187 shares in the company, valued at $3,318,214.53. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the stock. Mason Street Advisors LLC raised its position in shares of Valmont Industries by 0.8% during the 1st quarter. Mason Street Advisors LLC now owns 11,668 shares of the industrial products company’s stock valued at $1,518,000 after acquiring an additional 98 shares in the last quarter. Arizona State Retirement System increased its position in Valmont Industries by 0.7% in the second quarter. Arizona State Retirement System now owns 15,864 shares of the industrial products company’s stock worth $2,012,000 after buying an additional 108 shares during the period. Oregon Public Employees Retirement Fund increased its position in Valmont Industries by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,120 shares of the industrial products company’s stock worth $1,157,000 after buying an additional 125 shares during the period. Garrison Asset Management LLC increased its position in Valmont Industries by 1.6% in the second quarter. Garrison Asset Management LLC now owns 11,684 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 186 shares during the period. Finally, FCA Corp TX increased its position in Valmont Industries by 1.0% in the second quarter. FCA Corp TX now owns 23,552 shares of the industrial products company’s stock worth $2,987,000 after buying an additional 243 shares during the period. 87.47% of the stock is currently owned by institutional investors and hedge funds.

About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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