Valmont Industries (VMI) Shares Sold by Comerica Bank

Comerica Bank cut its stake in Valmont Industries (NYSE:VMI) by 26.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,480 shares of the industrial products company’s stock after selling 6,842 shares during the quarter. Comerica Bank’s holdings in Valmont Industries were worth $2,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of VMI. Creative Planning raised its position in shares of Valmont Industries by 4.7% in the fourth quarter. Creative Planning now owns 8,985 shares of the industrial products company’s stock valued at $1,490,000 after purchasing an additional 401 shares during the period. Schwab Charles Investment Management Inc. increased its position in Valmont Industries by 9.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 86,997 shares of the industrial products company’s stock worth $14,429,000 after acquiring an additional 7,342 shares during the period. State of Alaska Department of Revenue bought a new position in Valmont Industries during the fourth quarter worth about $215,000. SG Americas Securities LLC increased its position in Valmont Industries by 922.4% during the fourth quarter. SG Americas Securities LLC now owns 11,410 shares of the industrial products company’s stock worth $1,892,000 after acquiring an additional 10,294 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new position in Valmont Industries during the fourth quarter worth about $1,795,000. 86.52% of the stock is currently owned by institutional investors.

VMI has been the topic of a number of recent research reports. Seaport Global Securities lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Tuesday, January 23rd. Stifel Nicolaus lowered their price target on shares of Valmont Industries from $181.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $185.00 price target on shares of Valmont Industries in a research report on Thursday, April 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Valmont Industries presently has a consensus rating of “Hold” and a consensus target price of $169.00.

Valmont Industries opened at $147.15 on Tuesday, MarketBeat.com reports. Valmont Industries has a 52 week low of $137.90 and a 52 week high of $176.35. The stock has a market cap of $3.28 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 1.81 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.08 and a current ratio of 4.07.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, April 18th. The industrial products company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. Valmont Industries had a net margin of 4.15% and a return on equity of 14.11%. The business had revenue of $698.68 million for the quarter, compared to analyst estimates of $682.96 million. During the same period last year, the firm earned $1.72 earnings per share. Valmont Industries’s revenue for the quarter was up 9.6% compared to the same quarter last year. equities research analysts anticipate that Valmont Industries will post 8.04 earnings per share for the current year.

Valmont Industries Profile

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

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

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