Boston Common Asset Management LLC Cuts Stake in Valmont Industries, Inc. (NYSE:VMI)

Boston Common Asset Management LLC lessened its holdings in Valmont Industries, Inc. (NYSE:VMI) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,426 shares of the industrial products company’s stock after selling 255 shares during the period. Boston Common Asset Management LLC’s holdings in Valmont Industries were worth $5,037,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Earnest Partners LLC acquired a new position in shares of Valmont Industries during the second quarter worth about $91,878,000. Sei Investments Co. grew its holdings in Valmont Industries by 794.2% during the 2nd quarter. Sei Investments Co. now owns 198,116 shares of the industrial products company’s stock worth $54,373,000 after acquiring an additional 175,961 shares in the last quarter. Franklin Resources Inc. grew its holdings in Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after acquiring an additional 148,811 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Valmont Industries by 16.3% in the 3rd quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock valued at $71,825,000 after purchasing an additional 34,772 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Valmont Industries by 9.6% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock valued at $83,689,000 after purchasing an additional 25,237 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Buying and Selling at Valmont Industries

In related news, VP R Andrew Massey sold 3,977 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $315.00, for a total value of $1,252,755.00. Following the transaction, the vice president now owns 9,408 shares in the company, valued at $2,963,520. The trade was a 29.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 41,977 shares of company stock worth $13,950,095. 1.90% of the stock is owned by insiders.

Valmont Industries Trading Up 0.3 %

Shares of Valmont Industries stock opened at $337.00 on Friday. 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 fifty day simple moving average of $327.37 and a 200-day simple moving average of $302.52. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 22.89 and a beta of 1.05. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm posted $4.12 earnings per share. Valmont Industries’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts forecast that Valmont Industries, Inc. will post 16.85 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, December 27th. Valmont Industries’s dividend payout ratio (DPR) is 16.30%.

Wall Street Analyst Weigh In

VMI has been the topic of several recent analyst reports. DA Davidson increased their target price on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus increased their price objective on Valmont Industries from $360.00 to $382.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

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.