Leeward Investments LLC MA Sells 1,054 Shares of Valmont Industries, Inc. $VMI

Leeward Investments LLC MA lowered its stake in Valmont Industries, Inc. (NYSE:VMI) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,369 shares of the industrial products company’s stock after selling 1,054 shares during the quarter. Valmont Industries comprises approximately 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 19th largest holding. Leeward Investments LLC MA owned 0.29% of Valmont Industries worth $22,923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VMI. Invesco Ltd. grew its position 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 buying an additional 32,382 shares during the period. Earnest Partners LLC raised its position in shares of Valmont Industries by 1.7% in the 3rd quarter. Earnest Partners LLC now owns 399,388 shares of the industrial products company’s stock valued at $154,855,000 after acquiring an additional 6,799 shares during the period. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 12,480 shares during the last quarter. Sei Investments Co. boosted its stake in Valmont Industries by 3.1% during the 3rd quarter. Sei Investments Co. now owns 290,948 shares of the industrial products company’s stock worth $112,809,000 after acquiring an additional 8,715 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after purchasing an additional 153,418 shares during the period. 87.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mogens C. Bay sold 17,500 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the transaction, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

Valmont Industries Stock Down 2.1%

Shares of Valmont Industries stock opened at $571.03 on Wednesday. The business’s 50 day simple moving average is $509.56 and its 200 day simple moving average is $457.84. Valmont Industries, Inc. has a 52-week low of $318.77 and a 52-week high of $583.54. The firm has a market cap of $11.08 billion, a PE ratio of 31.71, a P/E/G ratio of 1.34 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 EPS for the quarter, beating the consensus estimate of $4.72 by $0.79. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.32 EPS. On average, analysts predict that Valmont Industries, Inc. will post 22.83 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Friday, June 26th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, June 26th. Valmont Industries’s payout ratio is currently 17.10%.

Analyst Ratings Changes

VMI has been the topic of several analyst reports. Oppenheimer set a $600.00 target price on shares of Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 31st. JPMorgan Chase & Co. lifted their target price on Valmont Industries from $520.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings lowered Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $573.75.

Valmont Industries Company 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.