Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,476 shares of the industrial products company’s stock after selling 139,237 shares during the period. Impax Asset Management Group plc’s holdings in Valmont Industries were worth $98,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Colonial River Investments LLC grew its stake in shares of Valmont Industries by 7.5% in the 4th quarter. Colonial River Investments LLC now owns 1,456 shares of the industrial products company’s stock worth $447,000 after purchasing an additional 101 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Valmont Industries during the fourth quarter worth approximately $2,032,000. First Horizon Advisors Inc. boosted its holdings in Valmont Industries by 17.9% during the fourth quarter. First Horizon Advisors Inc. now owns 329 shares of the industrial products company’s stock worth $101,000 after buying an additional 50 shares in the last quarter. Olympiad Research LP acquired a new position in Valmont Industries in the fourth quarter worth approximately $253,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of Valmont Industries by 0.6% in the fourth quarter. Allianz Asset Management GmbH now owns 126,029 shares of the industrial products company’s stock valued at $38,649,000 after buying an additional 801 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $349.17 on Monday. The company’s fifty day moving average is $324.10 and its two-hundred day moving average is $312.69. The company has a market cap of $6.99 billion, a P/E ratio of 20.32 and a beta of 1.05. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the previous year, the company posted $3.18 earnings per share. Equities analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th will be issued a $0.68 dividend. This is an increase from Valmont Industries’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.78%. Valmont Industries’s dividend payout ratio is currently 13.97%.

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.