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

Boston Trust Walden Corp decreased its position in Valmont Industries, Inc. (NYSE:VMI) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,858 shares of the industrial products company’s stock after selling 2,164 shares during the quarter. Boston Trust Walden Corp’s holdings in Valmont Industries were worth $37,064,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 54 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Valmont Industries during the 3rd quarter worth about $35,000. Exchange Traded Concepts LLC purchased a new position in Valmont Industries during the 3rd quarter valued at about $39,000. Point72 Asset Management L.P. acquired a new position in Valmont Industries in the 3rd quarter valued at about $58,000. Finally, Signaturefd LLC increased its stake in Valmont Industries by 35.4% during the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 56 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Valmont Industries

In related news, Director Daas Kaj Den sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares in the company, valued at $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the transaction, the director now owns 131,730 shares in the company, valued at $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Valmont Industries Trading Down 2.2 %

Shares of NYSE:VMI opened at $324.51 on Tuesday. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13. The company’s 50 day moving average is $325.70 and its two-hundred day moving average is $307.83. The company has a market cap of $6.50 billion, a PE ratio of 22.05 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

About Valmont Industries

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.