Trillium Asset Management LLC Increases Position in Valmont Industries, Inc. (NYSE:VMI)

Trillium Asset Management LLC boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,547 shares of the industrial products company’s stock after acquiring an additional 2,723 shares during the quarter. Trillium Asset Management LLC’s holdings in Valmont Industries were worth $13,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in shares of Valmont Industries during the 4th quarter valued at about $29,000. Avior Wealth Management LLC raised its stake in shares of Valmont Industries by 188.9% during the fourth quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 85 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Valmont Industries by 633.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 114 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Valmont Industries in the 4th quarter valued at $44,000. Finally, Signaturefd LLC grew its holdings in shares of Valmont Industries by 37.3% during the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Down 1.8 %

Valmont Industries stock traded down $5.06 during trading hours on Friday, reaching $278.77. The stock had a trading volume of 123,667 shares, compared to its average volume of 178,769. The company has a fifty day simple moving average of $265.01 and a 200-day simple moving average of $238.25. Valmont Industries, Inc. has a 52 week low of $188.63 and a 52 week high of $290.15. The stock has a market cap of $5.63 billion, a PE ratio of 36.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.64 and a quick ratio of 1.65.

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, beating analysts’ consensus estimates of $3.24 by $1.08. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The company had revenue of $977.83 million for the quarter, compared to the consensus estimate of $986.98 million. During the same quarter in the previous year, the business earned $3.54 EPS. Valmont Industries’s revenue was down 8.0% compared to the same quarter last year. Analysts forecast that Valmont Industries, Inc. will post 15.94 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Friday, June 28th. Valmont Industries’s payout ratio is currently 31.62%.

Wall Street Analyst Weigh In

Several analysts have issued reports on VMI shares. Stifel Nicolaus upped their price target on shares of Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $300.00.

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.