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

Boston Trust Walden Corp trimmed its stake in Valmont Industries, Inc. (NYSE:VMI) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 126,067 shares of the industrial products company’s stock after selling 720 shares during the period. Boston Trust Walden Corp’s holdings in Valmont Industries were worth $34,599,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Welch Group LLC bought a new stake in shares of Valmont Industries in the 2nd quarter valued at approximately $302,000. ORG Partners LLC purchased a new stake in shares of Valmont Industries in the second quarter worth approximately $1,812,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of Valmont Industries in the second quarter worth approximately $342,000. CX Institutional raised its holdings in shares of Valmont Industries by 10.7% in the second quarter. CX Institutional now owns 3,570 shares of the industrial products company’s stock worth $980,000 after buying an additional 346 shares during the period. Finally, Richard P Slaughter Associates Inc raised its holdings in shares of Valmont Industries by 3.5% in the second quarter. Richard P Slaughter Associates Inc now owns 11,036 shares of the industrial products company’s stock worth $3,029,000 after buying an additional 376 shares during the period. 87.84% of the stock is owned by institutional investors.

Insider Transactions at Valmont Industries

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

Valmont Industries Stock Down 0.7 %

NYSE VMI traded down $2.10 on Friday, reaching $281.52. 70,257 shares of the stock traded hands, compared to its average volume of 173,259. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.63 and a current ratio of 2.53. The company has a fifty day moving average price of $277.36 and a 200-day moving average price of $246.15. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 37.09 and a beta of 1.03. Valmont Industries, Inc. has a 12 month low of $188.63 and a 12 month high of $307.67.

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

Valmont Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, September 27th. Valmont Industries’s payout ratio is 31.62%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VMI shares. StockNews.com upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Monday, August 12th. DA Davidson increased their price target on Valmont Industries from $300.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus increased their price target on Valmont Industries from $285.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Valmont Industries presently has a consensus rating of “Buy” and an average target price of $332.50.

Valmont Industries Company 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.