Valmont Industries, Inc. (VMI) Shares Sold by Stevens Capital Management LP

Stevens Capital Management LP lowered its position in Valmont Industries, Inc. (NYSE:VMI) by 13.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,810 shares of the industrial products company’s stock after selling 1,063 shares during the period. Stevens Capital Management LP’s holdings in Valmont Industries were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Valmont Industries by 7.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,659 shares of the industrial products company’s stock worth $358,000 after buying an additional 186 shares during the last quarter. RobecoSam USA Inc. boosted its stake in shares of Valmont Industries by 14.7% in the third quarter. RobecoSam USA Inc. now owns 19,438 shares of the industrial products company’s stock worth $2,615,000 after buying an additional 2,496 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Valmont Industries by 2.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 4,900 shares of the industrial products company’s stock worth $690,000 after buying an additional 100 shares during the last quarter. BlackRock Advisors LLC boosted its stake in shares of Valmont Industries by 1.1% in the third quarter. BlackRock Advisors LLC now owns 12,453 shares of the industrial products company’s stock worth $1,676,000 after buying an additional 141 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Valmont Industries by 0.8% in the third quarter. California State Teachers Retirement System now owns 47,664 shares of the industrial products company’s stock worth $6,414,000 after buying an additional 400 shares during the last quarter. 83.78% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Valmont Industries, Inc. (NYSE:VMI) traded up 1.97% during midday trading on Friday, hitting $149.85. 84,939 shares of the stock were exchanged. The stock’s 50-day moving average price is $152.01 and its 200-day moving average price is $147.36. Valmont Industries, Inc. has a 1-year low of $120.65 and a 1-year high of $165.20. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 18.96 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, April 19th. The industrial products company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.64 by $0.08. Valmont Industries had a return on equity of 14.27% and a net margin of 2.93%. The business had revenue of $637.47 million during the quarter, compared to the consensus estimate of $626.02 million. During the same quarter last year, the company earned $1.45 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, analysts forecast that Valmont Industries, Inc. will post $7.08 EPS for the current year.

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A number of brokerages have recently issued reports on VMI. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $171.00 target price for the company in a research report on Friday, May 12th. William Blair reissued a “market perform” rating on shares of Valmont Industries in a research report on Sunday, April 23rd. Stifel Nicolaus boosted their target price 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. Finally, TheStreet raised shares of Valmont Industries from a “c” rating to a “b-” rating in a research report on Tuesday, February 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $170.50.

In other Valmont Industries news, Chairman Mogens C. Bay sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $159.49, for a total value of $7,974,500.00. Following the completion of the transaction, the chairman now owns 285,789 shares in the company, valued at approximately $45,580,487.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Clark T. Jr. Randt sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $155.30, for a total value of $155,300.00. Following the completion of the transaction, the director now owns 5,979 shares of the company’s stock, valued at approximately $928,538.70. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

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.

5 Day Chart for NYSE:VMI

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