Valmont Industries Inc. (VMI) Position Lowered by Mutual of America Capital Management LLC
Mutual of America Capital Management LLC lowered its position in shares of Valmont Industries Inc. (NYSE:VMI) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 16,900 shares of the company’s stock after selling 304 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Valmont Industries worth $2,274,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in Valmont Industries by 34.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,403 shares of the company’s stock worth $1,407,000 after buying an additional 2,685 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in Valmont Industries by 80.0% in the second quarter. Chicago Equity Partners LLC now owns 22,775 shares of the company’s stock worth $3,081,000 after buying an additional 10,125 shares during the last quarter. Garrison Financial Corp boosted its stake in Valmont Industries by 12.8% in the second quarter. Garrison Financial Corp now owns 11,786 shares of the company’s stock worth $1,594,000 after buying an additional 1,340 shares during the last quarter. British Airways Pensions Investment Management Ltd purchased a new stake in Valmont Industries during the second quarter worth approximately $15,849,000. Finally, Bank of Montreal Can purchased a new stake in Valmont Industries during the second quarter worth approximately $2,570,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Shares of Valmont Industries Inc. (NYSE:VMI) traded up 1.12% on Monday, reaching $148.45. 141,223 shares of the company were exchanged. Valmont Industries Inc. has a 52 week low of $96.50 and a 52 week high of $149.55. The firm’s 50 day moving average price is $133.02 and its 200 day moving average price is $132.74. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 46.59 and a beta of 1.00.
Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by $0.01. Valmont Industries had a net margin of 2.93% and a return on equity of 14.27%. The company had revenue of $610.20 million for the quarter, compared to the consensus estimate of $625.90 million. During the same quarter in the previous year, the business earned $1.39 EPS. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities research analysts anticipate that Valmont Industries Inc. will post $6.27 EPS for the current year.
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Separately, TheStreet cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th.
About Valmont Industries
Valmont Industries, Inc is a producer of fabricated metal products. The Company’s Engineered Support Structures segment manufactures and distributes engineered metal and composite structures and components for global lighting and traffic, wireless communication, and roadway safety. The Utility Support Structures segment manufactures engineered steel and concrete structures for the utility industry.
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