Boston Trust Walden Corp Has $33.64 Million Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Boston Trust Walden Corp decreased its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,894 shares of the industrial products company's stock after selling 2,964 shares during the period. Boston Trust Walden Corp owned 0.59% of Valmont Industries worth $33,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. LaFleur & Godfrey LLC raised its holdings in Valmont Industries by 2.3% during the fourth quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock worth $4,254,000 after purchasing an additional 308 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Valmont Industries by 6.8% during the fourth quarter. New York State Teachers Retirement System now owns 24,340 shares of the industrial products company's stock worth $7,464,000 after purchasing an additional 1,543 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Valmont Industries by 83.4% during the fourth quarter. Venturi Wealth Management LLC now owns 310 shares of the industrial products company's stock worth $95,000 after purchasing an additional 141 shares in the last quarter. Ieq Capital LLC bought a new stake in Valmont Industries during the fourth quarter worth approximately $228,000. Finally, Handelsbanken Fonder AB raised its holdings in Valmont Industries by 12.9% during the fourth quarter. Handelsbanken Fonder AB now owns 4,365 shares of the industrial products company's stock worth $1,339,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Wall Street Analysts Forecast Growth

VMI has been the subject of several research reports. William Blair raised Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Finally, Stifel Nicolaus raised their price objective on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd.

Valmont Industries Price Performance

Shares of VMI traded down $2.00 during trading hours on Friday, hitting $318.70. 427,213 shares of the company were exchanged, compared to its average volume of 138,031. The company has a market capitalization of $6.40 billion, a PE ratio of 18.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.26 and a quick ratio of 1.50. The firm has a fifty day simple moving average of $309.09 and a 200-day simple moving average of $315.25. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $379.22.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.08. The business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a return on equity of 22.27% and a net margin of 8.55%. As a group, sell-side analysts predict that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

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.