Leeward Investments LLC MA Sells 4,172 Shares of Valmont Industries, Inc. (NYSE:VMI)

Leeward Investments LLC MA cut its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,102 shares of the industrial products company’s stock after selling 4,172 shares during the period. Leeward Investments LLC MA owned approximately 0.29% of Valmont Industries worth $17,511,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Valmont Industries during the third quarter valued at approximately $35,000. Point72 Asset Management L.P. bought a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $58,000. Avior Wealth Management LLC lifted its stake 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 purchasing an additional 56 shares during the last quarter. Signaturefd LLC lifted its stake 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 purchasing an additional 56 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $66,000. 87.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VMI shares. StockNews.com lowered Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. 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 note on Wednesday. Finally, DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a report on Wednesday.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction 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. This trade represents a 13.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Valmont Industries Trading Down 3.8 %

Shares of NYSE VMI opened at $349.17 on Friday. 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 business’s 50 day moving average price is $324.10 and its 200-day moving average price is $312.44. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 20.32 and a beta of 1.05.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping the consensus estimate of $3.63 by $0.21. The company 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 period last year, the business posted $3.18 EPS. On average, sell-side analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share 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 issued a dividend of $0.68 per share. This is an increase 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 dividend payout ratio (DPR) is presently 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.