Leeward Investments LLC MA Sells 1,054 Shares of Valmont Industries, Inc. $VMI

Leeward Investments LLC MA trimmed its stake in Valmont Industries, Inc. (NYSE:VMI) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,369 shares of the industrial products company’s stock after selling 1,054 shares during the quarter. Valmont Industries makes up about 1.1% of Leeward Investments LLC MA’s portfolio, making the stock its 19th biggest holding. Leeward Investments LLC MA’s holdings in Valmont Industries were worth $22,923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in VMI. Invesco Ltd. raised its stake in shares of Valmont Industries by 8.3% during the 3rd quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock worth $164,009,000 after purchasing an additional 32,382 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Valmont Industries by 1.7% in the third quarter. Earnest Partners LLC now owns 399,388 shares of the industrial products company’s stock valued at $154,855,000 after buying an additional 6,799 shares in the last quarter. Geode Capital Management LLC increased its holdings in Valmont Industries by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock worth $148,509,000 after buying an additional 12,480 shares during the last quarter. Sei Investments Co. increased its holdings in Valmont Industries by 3.1% during the third quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock worth $112,809,000 after buying an additional 8,715 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock worth $108,884,000 after acquiring an additional 153,418 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the completion of the sale, the director directly owned 112,309 shares in the company, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Valmont Industries Stock Down 2.1%

VMI stock opened at $571.03 on Wednesday. The business’s fifty day moving average price is $509.56 and its two-hundred day moving average price is $457.84. The stock has a market capitalization of $11.08 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.34 and a beta of 1.34. Valmont Industries, Inc. has a fifty-two week low of $318.77 and a fifty-two week high of $583.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a net margin of 8.91% and a return on equity of 24.94%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $994.85 million. During the same quarter in the previous year, the firm posted $4.32 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Valmont Industries, Inc. will post 22.83 earnings per share for the current year.

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, June 26th. Valmont Industries’s payout ratio is 17.10%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 31st. Stifel Nicolaus raised their target price on shares of Valmont Industries from $541.00 to $645.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. lifted their price target on Valmont Industries from $520.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Weiss Ratings lowered Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, Oppenheimer set a $600.00 price objective on Valmont Industries and gave the company an “outperform” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $573.75.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.