Valmont Industries, Inc. $VMI Position Cut by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 12.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,773 shares of the industrial products company’s stock after selling 13,266 shares during the quarter. Boston Trust Walden Corp owned about 0.48% of Valmont Industries worth $37,469,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Community Bank N.A. bought a new position in shares of Valmont Industries in the third quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new position in shares of Valmont Industries during the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Valmont Industries in the 4th quarter worth $27,000. Leonteq Securities AG acquired a new stake in shares of Valmont Industries in the fourth quarter valued at $30,000. Finally, State of Wyoming acquired a new stake in shares of Valmont Industries in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Activity

In other news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $492.34, for a total transaction of $8,615,950.00. Following the completion of the transaction, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Valmont Industries Stock Down 0.1%

VMI opened at $554.87 on Friday. The firm has a market cap of $10.77 billion, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 1.28 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38. The business has a 50 day moving average price of $531.77 and a 200 day moving average price of $465.88. Valmont Industries, Inc. has a twelve month low of $326.22 and a twelve month high of $585.71.

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

Valmont Industries Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, June 26th. This represents a $3.08 annualized dividend and a dividend yield of 0.6%. Valmont Industries’s payout ratio is presently 17.10%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $541.00 to $645.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. JPMorgan Chase & Co. lifted their target price on shares of Valmont Industries from $520.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Finally, Wall Street Zen downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $573.75.

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.