Leeward Investments LLC MA Cuts Position in Valmont Industries, Inc. (NYSE:VMI)

Leeward Investments LLC MA cut its stake in Valmont Industries, Inc. (NYSE:VMI) by 6.8% during the fourth quarter, HoldingsChannel reports. The fund owned 57,102 shares of the industrial products company’s stock after selling 4,172 shares during the quarter. Leeward Investments LLC MA’s holdings in Valmont Industries were worth $17,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Valmont Industries in the 3rd quarter valued at $35,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries in the 3rd quarter valued at $58,000. Avior Wealth Management LLC increased its holdings in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 56 shares during the period. Signaturefd LLC increased its holdings in shares of Valmont Industries by 35.4% in the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 56 shares during the period. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Valmont Industries in the 3rd quarter valued at $66,000. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research report on Wednesday. Finally, Stifel Nicolaus raised their price objective on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday.

Insiders Place Their Bets

In other news, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Valmont Industries Stock Performance

Shares of VMI opened at $349.17 on Friday. The stock has a 50-day moving average of $324.10 and a two-hundred day moving average of $312.44. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock has a market cap of $6.99 billion, a P/E ratio of 20.32 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations 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 firm posted $3.18 EPS. As a group, research analysts predict that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.68 per share. This is a positive change from Valmont Industries’s previous quarterly dividend of $0.60. This represents a $2.72 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, March 28th. Valmont Industries’s payout ratio is 13.97%.

Valmont Industries Profile

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.