Boston Trust Walden Corp Has $37.47 Million Position in Valmont Industries, Inc. $VMI

Boston Trust Walden Corp lessened its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 12.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 93,773 shares of the industrial products company’s stock after selling 13,266 shares during the period. Boston Trust Walden Corp’s holdings in Valmont Industries were worth $37,469,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Investment Advisory LLC acquired a new stake in shares of Valmont Industries during the 1st quarter worth approximately $171,000. MQS Management LLC raised its position in shares of Valmont Industries by 54.1% in the 1st quarter. MQS Management LLC now owns 1,573 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 552 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Valmont Industries by 22.2% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,030 shares of the industrial products company’s stock worth $1,211,000 after acquiring an additional 551 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Valmont Industries by 8.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 3,127 shares of the industrial products company’s stock worth $1,249,000 after acquiring an additional 233 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in Valmont Industries during the first quarter valued at approximately $294,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Price Performance

NYSE:VMI opened at $554.87 on Friday. The stock has a market capitalization of $10.77 billion, a PE ratio of 30.81, a P/E/G ratio of 1.28 and a beta of 1.33. Valmont Industries, Inc. has a 1-year low of $326.22 and a 1-year high of $585.71. The firm has a fifty day simple moving average of $531.77 and a 200 day simple moving average of $465.88. The company has a current ratio of 2.38, a quick ratio of 1.59 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results 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 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 firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.32 EPS. On average, research analysts expect that Valmont Industries, Inc. will post 22.83 EPS for the current fiscal year.

Valmont Industries Dividend Announcement

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

Analysts Set New Price Targets

VMI has been the topic of several research analyst reports. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Stifel Nicolaus increased their target price on Valmont Industries from $541.00 to $645.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Wall Street Zen downgraded shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $573.75.

Insider Buying and Selling

In other news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries 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 sale, the director owned 112,309 shares in the company, valued at $55,294,213.06. The trade was a 13.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.42% of the company’s stock.

Valmont Industries 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.