Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its stake in Valmont Industries, Inc. (NYSE:VMI) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,371 shares of the industrial products company’s stock after selling 1,615 shares during the period. Trillium Asset Management LLC owned approximately 0.29% of Valmont Industries worth $17,594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Xponance Inc. lifted its stake in shares of Valmont Industries by 5.7% in the fourth quarter. Xponance Inc. now owns 2,292 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 124 shares during the period. Boston Partners lifted its stake in shares of Valmont Industries by 16.6% in the fourth quarter. Boston Partners now owns 125,878 shares of the industrial products company’s stock valued at $39,153,000 after purchasing an additional 17,935 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Valmont Industries by 22.2% in the fourth quarter. Advisors Asset Management Inc. now owns 19,699 shares of the industrial products company’s stock valued at $6,041,000 after purchasing an additional 3,582 shares during the period. Axxcess Wealth Management LLC raised its position in Valmont Industries by 7.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,448 shares of the industrial products company’s stock worth $444,000 after acquiring an additional 97 shares during the last quarter. Finally, Avalon Trust Co raised its position in Valmont Industries by 0.5% during the fourth quarter. Avalon Trust Co now owns 40,755 shares of the industrial products company’s stock worth $12,498,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI opened at $322.25 on Wednesday. The company has a 50-day moving average of $331.66 and a two-hundred day moving average of $318.63. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The stock has a market cap of $6.47 billion, a P/E ratio of 18.76 and a beta of 0.98. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the previous year, the business posted $3.18 earnings per share. As a group, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, March 28th. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s payout ratio is currently 15.83%.

Analyst Ratings Changes

A number of brokerages have issued reports on VMI. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research report on Wednesday, February 19th. Finally, StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

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.