Boston Trust Walden Corp Sells 720 Shares of Valmont Industries, Inc. (NYSE:VMI)

Boston Trust Walden Corp lessened its stake in Valmont Industries, Inc. (NYSE:VMI) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,067 shares of the industrial products company’s stock after selling 720 shares during the quarter. Boston Trust Walden Corp owned about 0.62% of Valmont Industries worth $34,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. Mather Group LLC. increased its position in Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 103 shares in the last quarter. Avior Wealth Management LLC increased its position in Valmont Industries by 188.9% in the 4th quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Valmont Industries by 633.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. Signaturefd LLC increased its position in Valmont Industries by 37.3% in the 4th quarter. Signaturefd LLC now owns 206 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 56 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in Valmont Industries in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on VMI. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. Stifel Nicolaus raised their target price on shares of Valmont Industries from $285.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, DA Davidson raised their target price on shares of Valmont Industries from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $332.50.

Insiders Place Their Bets

In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total transaction of $686,527.00. Following the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at approximately $2,826,998.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Timothy P. Francis sold 2,300 shares of Valmont Industries stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the sale, the chief financial officer now directly owns 9,471 shares in the company, valued at $2,826,998.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of Valmont Industries stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $300.12, for a total transaction of $480,192.00. Following the completion of the sale, the director now owns 3,685 shares in the company, valued at $1,105,942.20. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Valmont Industries Trading Down 0.7 %

Valmont Industries stock traded down $2.10 during midday trading on Friday, hitting $281.52. 70,257 shares of the stock were exchanged, compared to its average volume of 173,259. The company has a fifty day simple moving average of $277.36 and a two-hundred day simple moving average of $246.15. Valmont Industries, Inc. has a 52 week low of $188.63 and a 52 week high of $307.67. The stock has a market capitalization of $5.68 billion, a PE ratio of 37.09 and a beta of 1.03. The company has a quick ratio of 1.63, a current ratio of 2.53 and a debt-to-equity ratio of 0.69.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.76 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.72. Valmont Industries had a net margin of 4.09% and a return on equity of 23.30%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. Equities research analysts anticipate that Valmont Industries, Inc. will post 16.76 EPS for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.40 annualized dividend and a yield of 0.85%. Valmont Industries’s dividend payout ratio (DPR) is currently 31.62%.

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.