Louisiana State Employees Retirement System boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,900 shares of the industrial products company’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Valmont Industries were worth $883,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of VMI. Pinnacle Bank purchased a new stake in Valmont Industries during the first quarter worth $117,000. Gofen & Glossberg LLC IL purchased a new stake in Valmont Industries during the first quarter worth $205,000. Janney Montgomery Scott LLC purchased a new stake in Valmont Industries during the first quarter worth $207,000. Timber Hill LLC purchased a new stake in Valmont Industries during the first quarter worth $209,000. Finally, Verity Asset Management Inc. purchased a new stake in Valmont Industries during the first quarter worth $228,000. 85.54% of the stock is owned by institutional investors.
Valmont Industries, Inc. (VMI) opened at 148.20 on Friday. The company has a market capitalization of $3.35 billion, a P/E ratio of 18.36 and a beta of 0.97. The company has a 50 day moving average price of $151.54 and a 200-day moving average price of $150.62. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20.
Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.05. The company had revenue of $712.70 million during the quarter, compared to analysts’ expectations of $668.06 million. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. Valmont Industries’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. On average, equities analysts anticipate that Valmont Industries, Inc. will post $7.10 earnings per share for the current fiscal year.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Valmont Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. Boenning Scattergood raised Valmont Industries from a “neutral” rating to an “outperform” rating in a research note on Friday, August 11th. Finally, BidaskClub raised Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $168.00.
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.
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