Valmont Industries, Inc. $VMI Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC trimmed its position in Valmont Industries, Inc. (NYSE:VMI) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,474 shares of the industrial products company’s stock after selling 4,395 shares during the quarter. Trillium Asset Management LLC’s holdings in Valmont Industries were worth $20,282,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of VMI. Millennium Management LLC boosted its holdings in Valmont Industries by 225.1% in the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after purchasing an additional 46,825 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Valmont Industries by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock valued at $16,873,000 after purchasing an additional 4,676 shares during the last quarter. Empowered Funds LLC acquired a new position in Valmont Industries in the 1st quarter valued at about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Valmont Industries by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock valued at $20,692,000 after purchasing an additional 2,639 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 105 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. DA Davidson upped their price objective on shares of Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Valmont Industries from $480.00 to $510.00 and gave the stock an “overweight” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Valmont Industries presently has a consensus rating of “Moderate Buy” and an average target price of $525.25.

Valmont Industries Price Performance

Shares of VMI opened at $546.52 on Friday. Valmont Industries, Inc. has a fifty-two week low of $316.56 and a fifty-two week high of $548.90. The firm’s 50 day moving average price is $488.37 and its 200 day moving average price is $449.79. The company has a market cap of $10.61 billion, a P/E ratio of 30.35, a PEG ratio of 1.22 and a beta of 1.34. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data 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. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $994.85 million. During the same period in the prior year, the firm posted $4.32 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts forecast that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be issued a $0.77 dividend. The ex-dividend date is Friday, June 26th. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. Valmont Industries’s dividend payout ratio is presently 17.10%.

Insider Activity

In other news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction on 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 owned 112,309 shares in the company, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Valmont Industries Company 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.