Boston Common Asset Management LLC Decreases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Boston Common Asset Management LLC trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,426 shares of the industrial products company’s stock after selling 255 shares during the quarter. Boston Common Asset Management LLC owned approximately 0.08% of Valmont Industries worth $5,037,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of Valmont Industries by 12.5% during the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock worth $81,000 after buying an additional 31 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Valmont Industries by 1.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock valued at $674,000 after acquiring an additional 35 shares in the last quarter. Huntington National Bank raised its holdings in Valmont Industries by 16.5% in the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 35 shares during the last quarter. UMB Bank n.a. lifted its stake in Valmont Industries by 3.1% in the 3rd quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 39 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Valmont Industries by 2.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,717 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 42 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Valmont Industries

In related news, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the transaction, the director now owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the completion of the sale, the director now directly owns 131,730 shares in the company, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,977 shares of company stock worth $13,950,095 over the last three months. Insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Valmont Industries from $360.00 to $382.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. DA Davidson raised their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Valmont Industries Stock Performance

Valmont Industries stock opened at $337.00 on Friday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 22.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $327.37 and a 200-day simple moving average of $302.52. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.00 by $0.11. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm earned $4.12 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, analysts expect that Valmont Industries, Inc. will post 16.85 EPS for the current year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, December 27th were given a $0.60 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.40 dividend on an annualized basis and a yield of 0.71%. Valmont Industries’s payout ratio is currently 16.30%.

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.