Valmont Industries, Inc. $VMI Stake Decreased by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 97,075 shares of the industrial products company’s stock after selling 4,870 shares during the period. Boston Trust Walden Corp’s holdings in Valmont Industries were worth $44,944,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VMI. BlackRock Inc. purchased a new position in Valmont Industries in the second quarter worth $1,141,369,000. Bank of America Corp DE bought a new position in Valmont Industries in the second quarter valued at $175,408,000. Ninety One UK Ltd increased its stake in Valmont Industries by 4.6% in the third quarter. Ninety One UK Ltd now owns 198,650 shares of the industrial products company’s stock valued at $91,971,000 after acquiring an additional 8,651 shares during the last quarter. Quantinno Capital Management LP raised its position in Valmont Industries by 35.7% during the first quarter. Quantinno Capital Management LP now owns 160,180 shares of the industrial products company’s stock valued at $64,003,000 after purchasing an additional 42,126 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Valmont Industries during the second quarter valued at about $83,723,000. 87.84% of the stock is owned by institutional investors.

Valmont Industries Trading Down 4.0%

NYSE:VMI opened at $420.46 on Thursday. The company has a 50-day moving average price of $462.09 and a 200-day moving average price of $477.15. The company has a current ratio of 2.41, a quick ratio of 1.56 and a debt-to-equity ratio of 0.43. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 0.99 and a beta of 1.39. Valmont Industries, Inc. has a 12 month low of $378.02 and a 12 month high of $585.71.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, October 20th. The industrial products company reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.70 by $0.54. Valmont Industries had a net margin of 12.05% and a return on equity of 26.25%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm earned $4.98 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Valmont Industries, Inc. will post 23.33 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 24th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, December 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.7%. Valmont Industries’s dividend payout ratio (DPR) is currently 11.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VMI shares. Weiss Ratings lowered Valmont Industries from a “buy (b)” rating to a “hold (c)” rating in a research note on Wednesday, October 28th. Zacks Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Wall Street Zen lowered Valmont Industries from a “buy” rating to a “hold” rating in a research report on Sunday. Stifel Nicolaus raised their price objective on Valmont Industries from $645.00 to $678.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. boosted their target price on Valmont Industries from $600.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $587.00.

Valmont Industries Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through businesses focused on infrastructure, coatings, and water management.

Its infrastructure products include utility and transmission structures, lighting and traffic poles, highway and transportation structures, and related support systems. Valmont also provides hot-dip galvanizing and other protective coatings designed to extend the service life of steel products used in industrial, infrastructure, and commercial applications.

In agriculture, the company manufactures mechanized irrigation equipment, including center-pivot and linear irrigation systems, as well as agricultural products and services intended to support water conservation and crop production.