Trillium Asset Management LLC Sells 1,615 Shares of Valmont Industries, Inc. (NYSE:VMI)

Trillium Asset Management LLC reduced its holdings in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,371 shares of the industrial products company's stock after selling 1,615 shares during the period. Trillium Asset Management LLC owned about 0.29% of Valmont Industries worth $17,594,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VMI. Foundry Partners LLC purchased a new stake in shares of Valmont Industries during the 3rd quarter worth about $4,158,000. Covea Finance increased its holdings in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company's stock valued at $4,661,000 after acquiring an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Valmont Industries in the 3rd quarter valued at approximately $466,000. De Lisle Partners LLP grew its holdings in Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company's stock valued at $5,454,000 after buying an additional 5,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Valmont Industries by 70.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock valued at $14,182,000 after buying an additional 19,096 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Valmont Industries from $387.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. William Blair downgraded Valmont Industries from an "outperform" rating to a "market perform" rating in a research report on Friday. StockNews.com downgraded Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. Finally, DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 target price for the company. in a research note on Wednesday, February 19th.

Valmont Industries Trading Down 12.5 %

Shares of Valmont Industries stock traded down $40.89 during trading on Friday, reaching $285.69. 630,193 shares of the company were exchanged, compared to its average volume of 140,026. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22. The business has a 50-day moving average price of $332.20 and a 200-day moving average price of $319.07. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 16.63 and a beta of 0.98.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping analysts' consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same period in the previous year, the firm earned $3.18 earnings per share. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from Valmont Industries's previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. Valmont Industries's payout ratio is 15.83%.

Valmont Industries 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.