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

Copeland Capital Management LLC grew its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 307,338 shares of the industrial products company’s stock after purchasing an additional 2,869 shares during the quarter. Valmont Industries comprises approximately 1.5% of Copeland Capital Management LLC’s portfolio, making the stock its 12th biggest position. Copeland Capital Management LLC’s holdings in Valmont Industries were worth $89,113,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Valmont Industries by 2,060.0% during the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after buying an additional 103 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries during the third quarter worth $39,000. Quarry LP grew its holdings in shares of Valmont Industries by 268.0% during the second quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after buying an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Valmont Industries in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VMI. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th. DA Davidson upped their target price on Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus increased their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $332.50.

Valmont Industries Price Performance

NYSE:VMI opened at $302.12 on Tuesday. The firm’s fifty day moving average is $285.09 and its two-hundred day moving average is $266.64. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 39.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53. Valmont Industries, Inc. has a one year low of $188.63 and a one year high of $312.61.

Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, July 24th. The industrial products company reported $4.76 EPS for the quarter, topping the consensus estimate of $4.04 by $0.72. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. Valmont Industries had a return on equity of 23.30% and a net margin of 4.09%. Research analysts expect that Valmont Industries, Inc. will post 16.78 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, September 27th. Valmont Industries’s dividend payout ratio (DPR) is 31.62%.

Insider Activity

In related news, Director Theodor Werner Freye sold 1,600 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the sale, the director now directly owns 3,685 shares of the company’s stock, valued at approximately $1,105,942.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total value of $480,192.00. Following the completion of the transaction, the director now owns 3,685 shares in the company, valued at $1,105,942.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the transaction, the chief financial officer now owns 9,471 shares in the company, valued at $2,826,998.79. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.