Rice Hall James & Associates LLC Reduces Stake in Valmont Industries, Inc. (NYSE:VMI)

Rice Hall James & Associates LLC decreased its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,646 shares of the industrial products company’s stock after selling 247 shares during the period. Rice Hall James & Associates LLC owned 0.09% of Valmont Industries worth $2,364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of VMI. Mason Street Advisors LLC increased its position in shares of Valmont Industries by 0.8% during the 1st quarter. Mason Street Advisors LLC now owns 11,668 shares of the industrial products company’s stock valued at $1,518,000 after purchasing an additional 98 shares during the last quarter. Arizona State Retirement System grew its position in shares of Valmont Industries by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 15,864 shares of the industrial products company’s stock worth $2,012,000 after buying an additional 108 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Valmont Industries by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,120 shares of the industrial products company’s stock worth $1,157,000 after buying an additional 125 shares during the last quarter. Garrison Asset Management LLC grew its position in shares of Valmont Industries by 1.6% in the 2nd quarter. Garrison Asset Management LLC now owns 11,684 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 186 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Valmont Industries by 3.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,423 shares of the industrial products company’s stock worth $966,000 after buying an additional 270 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on VMI. ValuEngine upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Zacks Investment Research lowered Valmont Industries from a “strong-buy” rating to a “hold” rating and set a $144.00 price objective on the stock. in a research report on Saturday, July 27th. Stifel Nicolaus upgraded Valmont Industries from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $135.00 to $153.00 in a research report on Thursday, April 25th. Finally, TheStreet lowered Valmont Industries from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $148.50.



Shares of VMI stock traded up $2.80 during trading hours on Friday, reaching $130.91. The company’s stock had a trading volume of 1,254 shares, compared to its average volume of 130,065. The stock has a market capitalization of $2.85 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.55 and a beta of 1.39. Valmont Industries, Inc. has a one year low of $103.01 and a one year high of $142.55. The firm’s fifty day simple moving average is $130.79 and its 200 day simple moving average is $128.92. The company has a current ratio of 2.71, a quick ratio of 1.89 and a debt-to-equity ratio of 0.68.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $2.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.24 by ($0.14). The business had revenue of $700.90 million during the quarter, compared to the consensus estimate of $725.44 million. Valmont Industries had a return on equity of 14.86% and a net margin of 3.61%. Valmont Industries’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.98 earnings per share. As a group, equities research analysts forecast that Valmont Industries, Inc. will post 8.51 earnings per share for the current fiscal year.

In other news, Director Daas Kaj Den sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $138.62, for a total value of $97,034.00. Following the completion of the transaction, the director now owns 11,678 shares in the company, valued at approximately $1,618,804.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mark C. Jaksich sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $137.19, for a total value of $1,028,925.00. Following the completion of the transaction, the vice president now owns 24,187 shares of the company’s stock, valued at approximately $3,318,214.53. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

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.

Featured Article: What strategies should day traders use to execute a trade?

Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI).

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

Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.