Valmont Industries, Inc. (VMI) Holdings Reduced by Rhumbline Advisers

Rhumbline Advisers reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 5.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 53,099 shares of the industrial products company’s stock after selling 2,838 shares during the quarter. Rhumbline Advisers’ holdings in Valmont Industries were worth $6,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VMI. Quadrant Capital Group LLC grew its holdings in shares of Valmont Industries by 1,952.6% during the 1st quarter. Quadrant Capital Group LLC now owns 390 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 371 shares during the last quarter. Pinnacle Bank bought a new stake in shares of Valmont Industries during the 4th quarter valued at approximately $72,000. Cullen Frost Bankers Inc. bought a new stake in shares of Valmont Industries during the 1st quarter valued at approximately $78,000. BNP Paribas Arbitrage SA grew its holdings in shares of Valmont Industries by 206.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,116 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 752 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Valmont Industries by 20.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,402 shares of the industrial products company’s stock valued at $156,000 after purchasing an additional 235 shares during the last quarter. 85.29% of the stock is currently owned by hedge funds and other institutional investors.

VMI has been the topic of several research reports. TheStreet raised shares of Valmont Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. Stifel Nicolaus raised shares of Valmont Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $153.00 in a report on Thursday, April 25th. Boenning Scattergood reaffirmed a “hold” rating on shares of Valmont Industries in a report on Thursday, February 21st. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, February 18th. Finally, ValuEngine lowered shares of Valmont Industries from a “hold” rating to a “sell” rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $153.00.



Shares of NYSE VMI opened at $117.80 on Friday. The company has a market capitalization of $2.64 billion, a PE ratio of 15.54, a PEG ratio of 1.42 and a beta of 1.28. Valmont Industries, Inc. has a 52-week low of $103.01 and a 52-week high of $157.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.05 and a current ratio of 2.95.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.17. The firm had revenue of $692.10 million for the quarter, compared to the consensus estimate of $683.66 million. Valmont Industries had a net margin of 3.33% and a return on equity of 14.70%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 EPS. On average, equities research analysts expect that Valmont Industries, Inc. will post 8.54 EPS for the current year.

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Valmont Industries Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

Further Reading: CD Ladder

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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