Boston Trust Walden Corp Has $37.76 Million Stake in Valmont Industries, Inc. $VMI

Key Points

• Boston Trust Walden Corp reduced its stake in Valmont Industries by 1.9%, holding approximately $37.76 million worth of shares after selling 2,281 shares in the second quarter.
• Several analysts have recently revised their ratings on Valmont Industries, with a median price target increased to $420.67 and a general sentiment rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.68, reflecting an annual yield of 0.7%, payable on October 15th to investors of record as of September 26th.

Boston Trust Walden Corp reduced its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,613 shares of the industrial products company's stock after selling 2,281 shares during the quarter. Boston Trust Walden Corp owned approximately 0.58% of Valmont Industries worth $37,756,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its holdings in Valmont Industries by 4.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company's stock worth $275,000 after acquiring an additional 38 shares during the period. D.B. Root & Company LLC increased its stake in shares of Valmont Industries by 1.6% in the 2nd quarter. D.B. Root & Company LLC now owns 2,685 shares of the industrial products company's stock valued at $877,000 after acquiring an additional 41 shares in the last quarter. Beverly Hills Private Wealth LLC lifted its position in shares of Valmont Industries by 3.8% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 1,169 shares of the industrial products company's stock valued at $334,000 after acquiring an additional 43 shares during the period. Smartleaf Asset Management LLC boosted its stake in Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after acquiring an additional 50 shares in the last quarter. Finally, Vestcor Inc boosted its stake in Valmont Industries by 2.0% during the first quarter. Vestcor Inc now owns 2,651 shares of the industrial products company's stock worth $757,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

VMI has been the topic of several research reports. Wall Street Zen lowered shares of Valmont Industries from a "buy" rating to a "hold" rating in a report on Saturday. DA Davidson boosted their price target on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valmont Industries in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their target price on Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Valmont Industries in a report on Friday, September 26th. They set an "overweight" rating and a $480.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $420.67.

Insider Buying and Selling

In related news, CAO Timothy P. Francis sold 2,867 shares of Valmont Industries stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.52, for a total value of $1,027,876.84. Following the completion of the transaction, the chief accounting officer directly owned 9,746 shares in the company, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company's stock.

Valmont Industries Stock Performance

Shares of VMI opened at $402.94 on Wednesday. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $411.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The stock's fifty day moving average price is $378.82 and its two-hundred day moving average price is $338.35. The firm has a market cap of $7.95 billion, a PE ratio of 37.52 and a beta of 1.15.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.78 by $0.10. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a return on equity of 22.10% and a net margin of 5.98%.The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $2.72 annualized dividend and a yield of 0.7%. Valmont Industries's dividend payout ratio (DPR) is 25.33%.

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.

Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.