Valmont Industries, Inc. (VMI) Stake Lessened by Royce & Associates LP

Royce & Associates LP lowered its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 734,830 shares of the industrial products company’s stock after selling 29,264 shares during the period. Valmont Industries accounts for about 0.8% of Royce & Associates LP’s investment portfolio, making the stock its 12th largest position. Royce & Associates LP owned about 3.25% of Valmont Industries worth $116,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Management Inc. WI raised its position in shares of Valmont Industries by 27.1% during the third quarter. Fiduciary Management Inc. WI now owns 334,799 shares of the industrial products company’s stock valued at $52,932,000 after buying an additional 71,399 shares during the last quarter. Bluestein R H & Co. grew its holdings in shares of Valmont Industries by 100.0% in the third quarter. Bluestein R H & Co. now owns 4,000 shares of the industrial products company’s stock valued at $632,000 after purchasing an additional 2,000 shares in the last quarter. OxFORD Asset Management LLP grew its holdings in shares of Valmont Industries by 45.8% in the third quarter. OxFORD Asset Management LLP now owns 31,648 shares of the industrial products company’s stock valued at $5,016,000 after purchasing an additional 9,935 shares in the last quarter. KBC Group NV grew its holdings in shares of Valmont Industries by 173.6% in the third quarter. KBC Group NV now owns 81,121 shares of the industrial products company’s stock valued at $12,825,000 after purchasing an additional 51,468 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Valmont Industries by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 537,511 shares of the industrial products company’s stock valued at $84,981,000 after purchasing an additional 6,112 shares in the last quarter. Hedge funds and other institutional investors own 85.28% of the company’s stock.

Valmont Industries, Inc. (NYSE:VMI) traded down $2.70 during mid-day trading on Wednesday, hitting $170.15. 69,000 shares of the company were exchanged, compared to its average volume of 130,869. Valmont Industries, Inc. has a 1 year low of $135.95 and a 1 year high of $176.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.53 and a current ratio of 3.50. The stock has a market capitalization of $3,830.00, a price-to-earnings ratio of 25.20, a PEG ratio of 2.48 and a beta of 1.06.

Valmont Industries (NYSE:VMI) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). The business had revenue of $680.78 million during the quarter, compared to analysts’ expectations of $652.65 million. Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $1.48 earnings per share. research analysts anticipate that Valmont Industries, Inc. will post 6.98 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. Boenning Scattergood reissued a “buy” rating and issued a $185.00 target price on shares of Valmont Industries in a report on Friday, November 10th. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Stifel Nicolaus reissued a “buy” rating and issued a $183.00 target price on shares of Valmont Industries in a report on Tuesday, October 17th. Seaport Global Securities assumed coverage on shares of Valmont Industries in a report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 target price for the company. Finally, BidaskClub lowered shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Valmont Industries has a consensus rating of “Hold” and an average target price of $176.50.

In other Valmont Industries news, VP Vanessa Kay Brown sold 3,059 shares of Valmont Industries stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total transaction of $525,352.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is owned by insiders.

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About Valmont Industries

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

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