Boston Trust Walden Corp Lowers Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Boston Trust Walden Corp lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,894 shares of the industrial products company's stock after selling 2,964 shares during the quarter. Boston Trust Walden Corp owned 0.59% of Valmont Industries worth $33,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Aquatic Capital Management LLC increased its position in shares of Valmont Industries by 16.2% during the fourth quarter. Aquatic Capital Management LLC now owns 6,602 shares of the industrial products company's stock worth $2,025,000 after acquiring an additional 922 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Valmont Industries by 70.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company's stock worth $14,182,000 after purchasing an additional 19,096 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of Valmont Industries by 73.6% during the fourth quarter. Trexquant Investment LP now owns 30,325 shares of the industrial products company's stock worth $9,300,000 after purchasing an additional 12,854 shares during the last quarter. US Bancorp DE grew its holdings in shares of Valmont Industries by 2,077.0% during the fourth quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock worth $18,026,000 after purchasing an additional 56,079 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Valmont Industries by 8.2% during the fourth quarter. Sei Investments Co. now owns 273,302 shares of the industrial products company's stock worth $83,814,000 after purchasing an additional 20,744 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company's stock.

Valmont Industries Stock Performance

NYSE:VMI traded up $4.43 during mid-day trading on Monday, reaching $323.06. The stock had a trading volume of 122,952 shares, compared to its average volume of 137,971. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.26. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 18.80 and a beta of 1.13. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The business has a 50 day simple moving average of $309.86 and a 200 day simple moving average of $315.14.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. The firm had revenue of $969.31 million during the quarter, compared to the consensus estimate of $976.04 million. On average, analysts expect that Valmont Industries, Inc. will post 18.07 earnings per share for the current fiscal year.

Valmont Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.84%. Valmont Industries's payout ratio is 15.83%.

Analyst Ratings Changes

A number of research firms recently issued reports on VMI. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd.

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.