Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,858 shares of the industrial products company’s stock after selling 2,164 shares during the quarter. Boston Trust Walden Corp owned 0.60% of Valmont Industries worth $37,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 54 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries in the third quarter worth $35,000. Exchange Traded Concepts LLC purchased a new position in shares of Valmont Industries during the third quarter worth $39,000. Point72 Asset Management L.P. acquired a new position in Valmont Industries during the third quarter valued at $58,000. Finally, Avior Wealth Management LLC boosted its holdings in Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

VMI has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, January 24th. DA Davidson lifted their price target on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.

Valmont Industries Stock Down 2.2 %

VMI opened at $324.51 on Tuesday. The company has a fifty day moving average of $325.70 and a two-hundred day moving average of $307.83. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 22.05 and a beta of 1.05. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35.

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.