Trillium Asset Management LLC Has $16.12 Million Holdings in Valmont Industries, Inc. (NYSE:VMI)

Key Points

• Trillium Asset Management LLC reduced its stake in Valmont Industries by 1.6%, owning about 56,481 shares valued at $16.1 million as of the latest SEC filing.
• Valmont Industries reported earnings of $4.88 per share for the quarter, surpassing analysts' expectations of $4.78, with a quarterly revenue increase of 1% year-over-year.
• The company announced a quarterly dividend of $0.68, yielding 0.7%, with the ex-dividend date set for September 26th.

Trillium Asset Management LLC lowered its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,481 shares of the industrial products company's stock after selling 890 shares during the quarter. Trillium Asset Management LLC owned 0.28% of Valmont Industries worth $16,119,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP lifted its position in shares of Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company's stock worth $62,000 after acquiring an additional 162 shares during the period. 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 period. Signaturefd LLC lifted its position in shares of Valmont Industries by 23.9% during the 1st quarter. Signaturefd LLC now owns 270 shares of the industrial products company's stock worth $77,000 after buying an additional 52 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Valmont Industries during the 1st quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Valmont Industries during the 1st quarter worth approximately $90,000. Institutional investors own 87.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VMI shares. Stifel Nicolaus raised their target price on Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. William Blair upgraded Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson raised their target price on Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Valmont Industries from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd.

Insider Activity at Valmont Industries

In other news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the sale, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. This trade represents a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Valmont Industries Price Performance

VMI stock traded down $2.23 during midday trading on Friday, reaching $374.11. 178,967 shares of the company's stock traded hands, compared to its average volume of 182,185. The company has a 50-day simple moving average of $343.93 and a two-hundred day simple moving average of $323.32. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $384.08. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 34.83 and a beta of 1.12. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 EPS for the quarter, beating the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $4.91 EPS. On average, analysts anticipate that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Dividend Announcement

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

About Valmont Industries

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.