Copeland Capital Management LLC Boosts Position in Valmont Industries, Inc. (NYSE:VMI)

Copeland Capital Management LLC boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 36.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 295,350 shares of the industrial products company's stock after buying an additional 79,647 shares during the quarter. Valmont Industries makes up approximately 1.4% of Copeland Capital Management LLC's portfolio, making the stock its 25th largest holding. Copeland Capital Management LLC owned about 1.41% of Valmont Industries worth $68,967,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in VMI. Nordea Investment Management AB boosted its position in Valmont Industries by 18.6% during the fourth quarter. Nordea Investment Management AB now owns 12,189 shares of the industrial products company's stock worth $2,863,000 after purchasing an additional 1,911 shares during the period. Hamel Associates Inc. boosted its position in Valmont Industries by 1.2% during the third quarter. Hamel Associates Inc. now owns 22,607 shares of the industrial products company's stock worth $5,430,000 after purchasing an additional 260 shares during the period. Hsbc Holdings PLC boosted its position in Valmont Industries by 97.4% during the third quarter. Hsbc Holdings PLC now owns 15,703 shares of the industrial products company's stock worth $3,807,000 after purchasing an additional 7,749 shares during the period. Mariner LLC lifted its stake in Valmont Industries by 27.7% in the 3rd quarter. Mariner LLC now owns 1,942 shares of the industrial products company's stock worth $467,000 after purchasing an additional 421 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its stake in Valmont Industries by 34.5% in the 3rd quarter. Boston Trust Walden Corp now owns 124,682 shares of the industrial products company's stock worth $29,950,000 after purchasing an additional 31,962 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded up $2.86 on Friday, hitting $228.28. 160,907 shares of the company traded hands, compared to its average volume of 152,206. The firm's 50-day simple moving average is $222.66 and its 200 day simple moving average is $223.69. The company has a current ratio of 2.47, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.62 billion, a P/E ratio of 33.87 and a beta of 1.02. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month high of $324.50.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. The firm had revenue of $1,000.00 million for the quarter, compared to analysts' expectations of $1.04 billion. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The business's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $3.46 EPS. Analysts expect that Valmont Industries, Inc. will post 14.75 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, March 27th. Valmont Industries's dividend payout ratio is currently 35.61%.

Analysts Set New Price Targets

Several analysts have issued reports on VMI shares. DA Davidson lowered their target price on shares of Valmont Industries from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Tuesday, February 27th. Stifel Nicolaus reiterated a "buy" rating and issued a $249.00 target price on shares of Valmont Industries in a research note on Monday, March 25th. Finally, StockNews.com upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, March 23rd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $262.00.

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.