Trillium Asset Management LLC Invests $28.02 Million in Valmont Industries, Inc. $VMI

Trillium Asset Management LLC purchased a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 48,505 shares of the industrial products company’s stock, valued at approximately $28,017,000. Trillium Asset Management LLC owned 0.25% of Valmont Industries as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Valmont Industries in the second quarter valued at $1,141,369,000. Invesco Ltd. grew its holdings 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 during the period. Geode Capital Management LLC increased its position in shares of Valmont Industries by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock worth $148,509,000 after purchasing an additional 12,480 shares during the last quarter. Sei Investments Co. raised its holdings in Valmont Industries by 3.1% in the 3rd quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock valued at $112,809,000 after buying an additional 8,715 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Valmont Industries by 118.8% in the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after buying an additional 153,418 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the company an “outperform” rating in a research note on Thursday, May 28th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Wall Street Zen cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Valmont Industries from $600.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $587.00.

Valmont Industries Price Performance

VMI stock opened at $482.94 on Friday. The business’s 50-day moving average is $525.39 and its two-hundred day moving average is $485.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a market capitalization of $9.33 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.10 and a beta of 1.35. Valmont Industries, Inc. has a 1 year low of $360.41 and a 1 year high of $585.71.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.34. Valmont Industries had a return on equity of 25.57% and a net margin of 11.70%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $4.88 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that Valmont Industries, Inc. will post 23.08 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be paid a $0.77 dividend. The ex-dividend date is Friday, September 25th. This represents a $3.08 dividend on an annualized basis and a yield of 0.6%. Valmont Industries’s payout ratio is currently 11.99%.

Insider Activity at Valmont Industries

In other news, CFO John L. Schwietz acquired 208 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were bought at an average cost of $486.14 per share, with a total value of $101,117.12. Following the transaction, the chief financial officer owned 2,992 shares in the company, valued at approximately $1,454,530.88. This trade represents a 7.47% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodor Werner Freye sold 800 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $495.00, for a total transaction of $396,000.00. Following the completion of the sale, the director directly owned 2,805 shares in the company, valued at approximately $1,388,475. This represents a 22.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.42% of the company’s stock.

Valmont Industries Profile

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.