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

Impax Asset Management Group plc decreased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 30.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 322,476 shares of the industrial products company’s stock after selling 139,237 shares during the quarter. Impax Asset Management Group plc owned about 1.61% of Valmont Industries worth $98,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp boosted its holdings in shares of Valmont Industries by 1.1% in the 3rd quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after purchasing an additional 6,913 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Valmont Industries by 57.6% in the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after buying an additional 148,811 shares during the period. FMR LLC boosted its holdings in Valmont Industries by 4.0% in the third quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock valued at $101,316,000 after acquiring an additional 13,509 shares during the last quarter. Geode Capital Management LLC grew its position in Valmont Industries by 1.5% during the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock valued at $97,428,000 after acquiring an additional 4,940 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Valmont Industries by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock worth $84,927,000 after acquiring an additional 24,224 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Transactions at Valmont Industries

In related news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the sale, the director now directly owns 131,730 shares in the company, valued at $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of recent research reports. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus raised their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Valmont Industries Stock Down 3.8 %

Shares of Valmont Industries stock opened at $349.17 on Monday. The firm 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 fifty-two week low of $202.01 and a fifty-two week high of $379.22. The business has a 50-day moving average price of $324.10 and a 200 day moving average price of $312.69. 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 announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. During the same quarter in the prior year, the firm earned $3.18 EPS. On average, sell-side analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 annualized dividend and a dividend yield of 0.78%. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. Valmont Industries’s dividend payout ratio (DPR) is presently 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.