Brown Advisory Inc. Lowers Holdings in Valmont Industries, Inc. $VMI

Brown Advisory Inc. decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,659 shares of the industrial products company’s stock after selling 62,875 shares during the quarter. Brown Advisory Inc.’s holdings in Valmont Industries were worth $84,753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Atlas Capital Advisors Inc. bought a new stake in shares of Valmont Industries in the fourth quarter worth $45,000. Kestra Advisory Services LLC purchased a new position in shares of Valmont Industries in the fourth quarter valued at about $130,000. Parkside Financial Bank & Trust lifted its position in shares of Valmont Industries by 166.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 328 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 205 shares in the last quarter. ANB Bank purchased a new position in shares of Valmont Industries in the fourth quarter valued at about $262,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Valmont Industries by 4.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 11,899 shares of the industrial products company’s stock valued at $4,785,000 after acquiring an additional 509 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upped their target price on Valmont Industries from $480.00 to $510.00 and gave the company an “overweight” rating in a research note on Wednesday, February 18th. Wall Street Zen raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 31st. Oppenheimer set a $600.00 price objective on Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, DA Davidson increased their price objective on Valmont Industries from $415.00 to $450.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $525.25.

Valmont Industries Stock Performance

Shares of VMI stock opened at $546.52 on Monday. The firm has a market capitalization of $10.61 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59. The business has a fifty day moving average of $488.37 and a 200 day moving average of $450.15. Valmont Industries, Inc. has a 1 year low of $316.56 and a 1 year high of $548.90.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $4.32 EPS. As a group, research analysts expect that Valmont Industries, Inc. will post 22.83 earnings per share for the current year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Friday, June 26th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 26th. Valmont Industries’s payout ratio is presently 17.10%.

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the transaction, the director directly owned 112,309 shares in the company, valued at $55,294,213.06. The trade was a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.42% of the company’s stock.

About Valmont Industries

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.