FDx Advisors Inc. raised its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 18.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,844 shares of the industrial products company’s stock after buying an additional 586 shares during the period. FDx Advisors Inc.’s holdings in Valmont Industries were worth $608,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global X Management Co. LLC boosted its position in Valmont Industries by 220.0% during the 2nd quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock valued at $108,000 after buying an additional 495 shares during the period. Riverhead Capital Management LLC boosted its position in Valmont Industries by 85.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after buying an additional 599 shares during the period. Janney Montgomery Scott LLC boosted its position in Valmont Industries by 0.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock valued at $200,000 after buying an additional 8 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Valmont Industries during the 2nd quarter valued at $212,000. Finally, Verity Asset Management Inc. boosted its position in Valmont Industries by 8.1% during the 2nd quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock valued at $238,000 after buying an additional 119 shares during the period. 84.80% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on the stock. Boenning Scattergood reissued a “buy” rating and set a $185.00 price target on shares of Valmont Industries in a research report on Thursday, October 19th. BidaskClub cut shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus reissued a “buy” rating and set a $183.00 price target on shares of Valmont Industries in a research report on Tuesday, October 17th. Finally, Seaport Global Securities assumed coverage on shares of Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Valmont Industries currently has a consensus rating of “Hold” and an average target price of $176.50.
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Valmont Industries, Inc. (VMI) opened at $162.75 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53. Valmont Industries, Inc. has a 1-year low of $135.95 and a 1-year high of $165.20. The company has a market cap of $3,680.00, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03.
Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by ($0.04). Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The company had revenue of $680.78 million during the quarter, compared to the consensus estimate of $652.65 million. During the same quarter last year, the company posted $1.48 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. sell-side analysts predict that Valmont Industries, Inc. will post 6.98 earnings per share for the current fiscal year.
Valmont Industries 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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