Copeland Capital Management LLC Has $72.42 Million Position in Valmont Industries, Inc. (NYSE:VMI)

Copeland Capital Management LLC cut its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 253,762 shares of the industrial products company’s stock after selling 6,754 shares during the quarter. Valmont Industries accounts for about 1.5% of Copeland Capital Management LLC’s portfolio, making the stock its 17th biggest holding. Copeland Capital Management LLC’s holdings in Valmont Industries were worth $72,416,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VMI. Norges Bank bought a new position in shares of Valmont Industries during the fourth quarter worth about $67,822,000. Franklin Resources Inc. grew its holdings in shares of Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company’s stock worth $154,007,000 after buying an additional 94,884 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Valmont Industries by 51,911.3% during the first quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company’s stock worth $18,405,000 after buying an additional 64,370 shares in the last quarter. US Bancorp DE grew its stake in Valmont Industries by 2,077.0% in the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company’s stock valued at $18,026,000 after purchasing an additional 56,079 shares in the last quarter. Finally, Driehaus Capital Management LLC bought a new position in Valmont Industries in the fourth quarter valued at approximately $14,180,000. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Up 0.1%

VMI stock opened at $333.60 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $313.84 and a two-hundred day moving average price of $315.27. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 19.42 and a beta of 1.13. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.24 by $0.08. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. The company had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. Analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.82%. Valmont Industries’s dividend payout ratio is currently 15.83%.

Analyst Upgrades and Downgrades

VMI has been the subject of a number of analyst reports. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 31st. William Blair upgraded Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $343.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd.

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.