Leeward Investments LLC MA Sells 2,438 Shares of Valmont Industries, Inc. (NYSE:VMI)

Leeward Investments LLC MA lessened its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 54,664 shares of the industrial products company's stock after selling 2,438 shares during the period. Leeward Investments LLC MA owned about 0.27% of Valmont Industries worth $15,599,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VMI. Vanguard Group Inc. grew its stake in shares of Valmont Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after acquiring an additional 6,967 shares in the last quarter. Franklin Resources Inc. lifted its position in Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock valued at $154,007,000 after acquiring an additional 94,884 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Valmont Industries by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock valued at $130,389,000 after purchasing an additional 9,201 shares during the period. Earnest Partners LLC increased its stake in Valmont Industries by 4.3% in the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock valued at $121,908,000 after purchasing an additional 16,302 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Valmont Industries by 0.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after acquiring an additional 1,289 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

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

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded down $3.73 during trading hours on Monday, reaching $337.85. The company's stock had a trading volume of 212,095 shares, compared to its average volume of 139,256. The stock has a market cap of $6.78 billion, a P/E ratio of 19.67 and a beta of 1.12. The company's 50 day simple moving average is $319.06 and its 200 day simple moving average is $315.64. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $379.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26.

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, beating the consensus estimate of $4.24 by $0.08. The firm had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Announces Dividend

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 paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.81%. Valmont Industries's dividend payout ratio is currently 15.83%.

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.