Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC trimmed its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 253,762 shares of the industrial products company's stock after selling 6,754 shares during the quarter. Valmont Industries makes up 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 17th biggest holding. Copeland Capital Management LLC owned approximately 1.26% of Valmont Industries worth $72,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Valmont Industries during the fourth quarter worth approximately $67,822,000. Franklin Resources Inc. lifted its stake in shares of Valmont Industries by 23.3% during the 4th quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after purchasing an additional 94,884 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Valmont Industries by 51,911.3% during the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock worth $18,405,000 after purchasing an additional 64,370 shares during the last quarter. US Bancorp DE grew its position in shares of Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after purchasing an additional 56,079 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in Valmont Industries in the fourth quarter valued at $14,180,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Trading Up 0.1%

VMI stock traded up $0.22 during trading on Friday, reaching $333.60. 346,242 shares of the stock traded hands, compared to its average volume of 138,792. The firm has a market capitalization of $6.70 billion, a PE ratio of 19.42 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.26 and a quick ratio of 1.50. The business's 50 day moving average price is $313.84 and its 200-day moving average price is $315.27. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. The business had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. As a group, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's payout ratio is currently 15.83%.

Analyst Ratings Changes

VMI has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st.

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.