Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Boston Partners

Boston Partners lessened its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,891 shares of the industrial products company’s stock after selling 4,100 shares during the quarter. Boston Partners owned approximately 0.49% of Valmont Industries worth $22,596,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Valmont Industries by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 2,100,156 shares of the industrial products company’s stock worth $490,407,000 after acquiring an additional 54,189 shares in the last quarter. Impax Asset Management Group plc raised its position 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 purchasing an additional 5,109 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Valmont Industries by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 401,313 shares of the industrial products company’s stock worth $93,711,000 after purchasing an additional 17,631 shares in the last quarter. King Luther Capital Management Corp boosted its position in shares of Valmont Industries by 3.7% in the fourth quarter. King Luther Capital Management Corp now owns 386,624 shares of the industrial products company’s stock worth $90,281,000 after buying an additional 13,756 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Valmont Industries by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 252,501 shares of the industrial products company’s stock valued at $58,962,000 after buying an additional 13,764 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Valmont Industries

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

Analyst Ratings Changes

A number of equities analysts have weighed in on VMI shares. DA Davidson upped their price target on Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Thursday, July 18th. Finally, Stifel Nicolaus lifted their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $332.50.

Valmont Industries Stock Performance

Shares of NYSE:VMI traded down $5.76 on Friday, reaching $286.43. 92,390 shares of the company’s stock were exchanged, compared to its average volume of 154,676. Valmont Industries, Inc. has a fifty-two week low of $188.63 and a fifty-two week high of $307.67. The business’s 50-day moving average is $271.54 and its two-hundred day moving average is $242.52. 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 firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 37.77 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.24 by $1.08. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. The business had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. During the same quarter last year, the business posted $3.54 EPS. The business’s revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts forecast that Valmont Industries, Inc. will post 16.82 EPS for the current year.

Valmont Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be issued a $0.60 dividend. The ex-dividend date is Friday, September 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.84%. Valmont Industries’s dividend payout ratio (DPR) is presently 31.62%.

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.