Public Employees Retirement Association of Colorado lowered its position in Valmont Industries, Inc. (NYSE:VMI) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,482 shares of the industrial products company’s stock after selling 8 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Valmont Industries were worth $671,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Gofen & Glossberg LLC IL purchased a new stake in shares of Valmont Industries during the first quarter worth approximately $205,000. Janney Montgomery Scott LLC purchased a new stake in shares of Valmont Industries during the first quarter worth approximately $207,000. Timber Hill LLC purchased a new stake in shares of Valmont Industries during the first quarter worth approximately $209,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Valmont Industries during the second quarter worth approximately $212,000. Finally, Verity Asset Management Inc. purchased a new stake in shares of Valmont Industries during the first quarter worth approximately $228,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Valmont Industries, Inc. (VMI) opened at 148.20 on Friday. The company has a 50-day moving average of $151.54 and a 200-day moving average of $150.62. The firm has a market cap of $3.35 billion, a P/E ratio of 18.36 and a beta of 0.97. Valmont Industries, Inc. has a 12 month low of $120.65 and a 12 month high of $165.20.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.05. The business had revenue of $712.70 million during the quarter, compared to analysts’ expectations of $668.06 million. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share. Equities analysts forecast that Valmont Industries, Inc. will post $7.10 EPS for the current fiscal year.
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VMI has been the subject of a number of recent analyst reports. William Blair restated a “market perform” rating on shares of Valmont Industries in a research report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. BidaskClub upgraded shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Stifel Nicolaus raised their price objective on shares of Valmont Industries from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $168.00.
Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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