Copeland Capital Management LLC decreased its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 253,762 shares of the industrial products company's stock after selling 6,754 shares during the quarter. Valmont Industries comprises approximately 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 17th biggest position. Copeland Capital Management LLC owned 1.26% of Valmont Industries worth $72,416,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Security National Bank raised its holdings in Valmont Industries by 4.4% in the first quarter. Security National Bank now owns 11,240 shares of the industrial products company's stock worth $3,208,000 after purchasing an additional 474 shares in the last quarter. Wealthquest Corp purchased a new stake in shares of Valmont Industries in the 1st quarter worth about $3,603,000. Lecap Asset Management Ltd. lifted its position in Valmont Industries by 141.3% during the 1st quarter. Lecap Asset Management Ltd. now owns 4,136 shares of the industrial products company's stock valued at $1,180,000 after acquiring an additional 2,422 shares during the period. Canton Hathaway LLC bought a new position in shares of Valmont Industries during the first quarter valued at approximately $385,000. Finally, Blue Trust Inc. lifted its holdings in shares of Valmont Industries by 23.2% during the first quarter. Blue Trust Inc. now owns 1,326 shares of the industrial products company's stock valued at $378,000 after purchasing an additional 250 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
VMI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus upped their price objective on Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd.
View Our Latest Stock Analysis on VMI
Valmont Industries Stock Performance
Shares of VMI stock traded up $8.73 during mid-day trading on Tuesday, reaching $335.30. 207,174 shares of the company's stock traded hands, compared to its average volume of 138,682. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26. The firm has a market capitalization of $6.73 billion, a PE ratio of 19.52 and a beta of 1.13. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $379.22. The firm has a 50 day moving average price of $314.97 and a two-hundred day moving average price of $315.05.
Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. The company had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.
Valmont Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $0.68 dividend. The ex-dividend date is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a yield of 0.81%. Valmont Industries's dividend payout ratio is currently 15.83%.
About Valmont Industries
(
Free Report)
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.
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