Leeward Investments LLC MA cut its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,664 shares of the industrial products company's stock after selling 2,438 shares during the quarter. Leeward Investments LLC MA owned about 0.27% of Valmont Industries worth $15,599,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Valmont Industries by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after purchasing an additional 6,967 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 buying an additional 94,884 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Valmont Industries by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after buying an additional 9,201 shares during the last quarter. Earnest Partners LLC increased its stake in Valmont Industries by 4.3% during the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after acquiring an additional 16,302 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in 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 last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Valmont Industries Trading Up 0.1%
Valmont Industries stock traded up $0.32 during trading on Friday, hitting $341.58. The company had a trading volume of 142,373 shares, compared to its average volume of 138,964. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $379.22. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. The company's 50 day simple moving average is $319.06 and its 200-day simple moving average is $315.57. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 19.88 and a beta of 1.12.
Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The business had revenue of $969.31 million during the quarter, compared to analysts' expectations of $976.04 million. As a group, analysts expect that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.
Valmont Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, June 27th. Valmont Industries's dividend payout ratio is currently 15.83%.
Analyst Ratings Changes
Several equities research analysts have issued reports on VMI shares. Stifel Nicolaus raised their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st. Finally, William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd.
Read Our Latest Stock Report on Valmont Industries
Valmont Industries Profile
(
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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