Leeward Investments LLC MA Cuts Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Leeward Investments LLC MA lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,405 shares of the industrial products company’s stock after selling 457 shares during the quarter. Leeward Investments LLC MA owned 0.26% of Valmont Industries worth $12,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of VMI. Impax Asset Management Group plc increased its holdings in Valmont Industries by 0.6% in the fourth quarter. Impax Asset Management Group plc now owns 802,356 shares of the industrial products company’s stock valued at $187,358,000 after buying an additional 5,109 shares during the last quarter. Brown Advisory Inc. increased its holdings in Valmont Industries by 9.6% in the third quarter. Brown Advisory Inc. now owns 380,919 shares of the industrial products company’s stock valued at $91,500,000 after buying an additional 33,390 shares during the last quarter. Copeland Capital Management LLC increased its holdings in Valmont Industries by 36.9% in the fourth quarter. Copeland Capital Management LLC now owns 295,350 shares of the industrial products company’s stock valued at $68,967,000 after buying an additional 79,647 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Valmont Industries by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 238,737 shares of the industrial products company’s stock valued at $57,347,000 after acquiring an additional 8,004 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Valmont Industries by 139.6% in the third quarter. Victory Capital Management Inc. now owns 204,584 shares of the industrial products company’s stock valued at $49,143,000 after acquiring an additional 119,201 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VMI. DA Davidson decreased their price objective on shares of Valmont Industries from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Stifel Nicolaus restated a “buy” rating and issued a $249.00 price objective 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 analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and a consensus target price of $262.00.

Valmont Industries Stock Performance

Shares of VMI traded up $0.41 during mid-day trading on Friday, hitting $209.98. 191,169 shares of the company’s stock were exchanged, compared to its average volume of 166,816. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $303.57. The firm has a market capitalization of $4.24 billion, a P/E ratio of 31.15 and a beta of 1.03. The business’s 50 day moving average is $217.08 and its two-hundred day moving average is $220.80. The company has a current ratio of 2.47, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82.

Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, February 21st. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The business had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $3.46 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, equities analysts expect that Valmont Industries, Inc. will post 14.9 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.60 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.40 annualized dividend and a yield of 1.14%. Valmont Industries’s dividend payout ratio is currently 35.61%.

About Valmont Industries

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.