Copeland Capital Management LLC Grows Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Copeland Capital Management LLC grew its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 307,338 shares of the industrial products company's stock after purchasing an additional 2,869 shares during the period. Valmont Industries comprises about 1.5% of Copeland Capital Management LLC's portfolio, making the stock its 12th largest position. Copeland Capital Management LLC owned approximately 1.52% of Valmont Industries worth $89,113,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Mather Group LLC. grew its position in shares of Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Valmont Industries during the third quarter worth approximately $39,000. Quarry LP lifted its holdings in Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company's stock worth $50,000 after purchasing an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in Valmont Industries in the 2nd quarter valued at $52,000. Institutional investors own 87.84% of the company's stock.

Insider Buying and Selling

In other news, Director Theodor Werner Freye sold 1,600 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the transaction, the director now directly owns 3,685 shares of the company's stock, valued at $1,105,942.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the completion of the transaction, the chief financial officer now owns 9,471 shares in the company, valued at $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the firm's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the transaction, the director now owns 3,685 shares of the company's stock, valued at $1,105,942.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of research reports. StockNews.com raised Valmont Industries from a "buy" rating to a "strong-buy" rating in a report on Monday, August 12th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $285.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Finally, DA Davidson raised their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $332.50.

Valmont Industries Price Performance

Shares of NYSE:VMI traded down $7.42 during midday trading on Tuesday, hitting $294.49. The stock had a trading volume of 137,958 shares, compared to its average volume of 156,124. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $5.95 billion, a P/E ratio of 39.20 and a beta of 1.02. The company's 50-day moving average price is $285.56 and its 200-day moving average price is $267.21. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $312.61.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, beating the consensus estimate of $4.04 by $0.72. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts predict that Valmont Industries, Inc. will post 16.78 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, September 27th. Valmont Industries's dividend payout ratio is presently 31.62%.

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.