Copeland Capital Management LLC Trims Stock Position in Valmont Industries, Inc. $VMI

Key Points

• Copeland Capital Management LLC has reduced its stake in Valmont Industries by 8.6%, now holding 231,933 shares valued at approximately $75.7 million.
• Valmont Industries reported $4.88 earnings per share for the last quarter, exceeding analyst expectations, with a total revenue of $1.05 billion.
• The company has announced a quarterly dividend of $0.68 per share, to be paid on October 15th, representing an annualized yield of 0.7%.

Copeland Capital Management LLC lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 231,933 shares of the industrial products company's stock after selling 21,829 shares during the quarter. Valmont Industries comprises about 1.6% of Copeland Capital Management LLC's holdings, making the stock its 11th biggest holding. Copeland Capital Management LLC owned 1.16% of Valmont Industries worth $75,743,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Valmont Industries by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company's stock worth $13,289,000 after buying an additional 172 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Valmont Industries by 82.3% during the 1st quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock worth $64,000 after buying an additional 102 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Valmont Industries by 18.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock worth $736,000 after buying an additional 393 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Valmont Industries by 16.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock valued at $425,000 after purchasing an additional 207 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Valmont Industries in the 1st quarter valued at $317,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

Shares of VMI opened at $392.61 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. The stock has a market capitalization of $7.75 billion, a P/E ratio of 36.56 and a beta of 1.15. The company's fifty day moving average is $373.02 and its two-hundred day moving average is $333.00. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $392.87.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. Valmont Industries's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 26th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, September 26th. Valmont Industries's payout ratio is currently 25.33%.

Insider Buying and Selling at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at $3,494,135.92. This represents a 22.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on VMI shares. Wall Street Zen downgraded shares of Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Stifel Nicolaus upped their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. DA Davidson upped their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an "overweight" rating and a $480.00 price target for the company. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Valmont Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $420.67.

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.

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