Valmont Industries, Inc. $VMI is Copeland Capital Management LLC’s 9th Largest Position

Copeland Capital Management LLC reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 205,483 shares of the industrial products company’s stock after selling 4,950 shares during the quarter. Valmont Industries accounts for approximately 1.8% of Copeland Capital Management LLC’s portfolio, making the stock its 9th largest holding. Copeland Capital Management LLC’s holdings in Valmont Industries were worth $82,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Robert B. Daugherty Foundation bought a new stake in Valmont Industries in the fourth quarter valued at approximately $100,580,000. Norges Bank purchased a new position in shares of Valmont Industries in the fourth quarter worth $99,799,000. Ninety One UK Ltd purchased a new position in shares of Valmont Industries in the fourth quarter worth $66,103,000. AQR Capital Management LLC raised its holdings in Valmont Industries by 118.8% during the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after buying an additional 153,418 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Valmont Industries by 179.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 117,342 shares of the industrial products company’s stock valued at $38,320,000 after buying an additional 75,377 shares during the period. Institutional investors own 87.84% of the company’s stock.

Insider Activity

In related news, Director Mogens C. Bay sold 17,500 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the transaction, the director directly owned 112,309 shares in the company, valued at $55,294,213.06. This trade represents a 13.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VMI shares. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Oppenheimer set a $600.00 target price on Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. increased their price objective on Valmont Industries from $520.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Valmont Industries has a consensus rating of “Buy” and an average price target of $573.75.

Valmont Industries Stock Down 1.0%

VMI stock opened at $532.89 on Friday. Valmont Industries, Inc. has a fifty-two week low of $329.21 and a fifty-two week high of $585.71. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.33. The business’s 50 day moving average price is $539.57 and its two-hundred day moving average price is $475.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.32 EPS. As a group, analysts forecast that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is currently 17.10%.

Valmont Industries Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.