Copeland Capital Management LLC Lowers Stake in Valmont Industries, Inc. (NYSE:VMI)

Copeland Capital Management LLC lessened its stake in Valmont Industries, Inc. (NYSE:VMI) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,516 shares of the industrial products company’s stock after selling 46,822 shares during the period. Valmont Industries accounts for about 1.5% of Copeland Capital Management LLC’s portfolio, making the stock its 14th largest position. Copeland Capital Management LLC owned 1.30% of Valmont Industries worth $79,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMI. Foundry Partners LLC purchased a new position in shares of Valmont Industries in the 3rd quarter worth approximately $4,158,000. Covea Finance increased its position in shares of Valmont Industries by 29.9% during the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after purchasing an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Valmont Industries during the 3rd quarter valued at $466,000. De Lisle Partners LLP boosted its position in shares of 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 worth $5,454,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Valmont Industries by 12.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock worth $60,497,000 after buying an additional 23,765 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on VMI shares. DA Davidson boosted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a report on Friday, January 24th.

Insider Activity

In other news, Director Daas Kaj Den sold 1,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the transaction, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. This trade represents a 13.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $331.88 on Friday. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. The company has a market cap of $6.65 billion, a PE ratio of 22.55 and a beta of 1.05. The company’s 50 day moving average is $326.22 and its 200 day moving average is $307.40.

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.