Robeco Schweiz AG Reduces Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Robeco Schweiz AG lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.9% in the second quarter, HoldingsChannel reports. The firm owned 137,720 shares of the industrial products company’s stock after selling 7,161 shares during the quarter. Robeco Schweiz AG’s holdings in Valmont Industries were worth $37,797,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC increased its position in Valmont Industries by 1,353.5% during the 1st quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock worth $5,394,000 after purchasing an additional 21,995 shares in the last quarter. Mather Group LLC. increased its position in Valmont Industries by 2,060.0% during the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 103 shares in the last quarter. Congress Asset Management Co. MA increased its position in Valmont Industries by 10.6% during the 1st quarter. Congress Asset Management Co. MA now owns 145,043 shares of the industrial products company’s stock worth $33,110,000 after purchasing an additional 13,941 shares in the last quarter. Congress Wealth Management LLC DE increased its position in Valmont Industries by 11.7% during the 1st quarter. Congress Wealth Management LLC DE now owns 27,673 shares of the industrial products company’s stock worth $6,317,000 after purchasing an additional 2,909 shares in the last quarter. Finally, Trillium Asset Management LLC increased its position in Valmont Industries by 5.0% during the 1st quarter. Trillium Asset Management LLC now owns 57,547 shares of the industrial products company’s stock worth $13,137,000 after purchasing an additional 2,723 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

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

Valmont Industries Stock Up 1.3 %

Shares of NYSE:VMI opened at $272.17 on Friday. The stock’s 50-day moving average price is $280.14 and its two-hundred day moving average price is $252.49. The company has a current ratio of 2.53, a quick ratio of 1.63 and a debt-to-equity ratio of 0.69. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month high of $307.67. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 35.86 and a beta of 1.03.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts forecast that Valmont Industries, Inc. will post 16.76 EPS for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Friday, September 27th. Valmont Industries’s dividend payout ratio is currently 31.62%.

Insider Activity

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

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.