DekaBank Deutsche Girozentrale continued to hold its stake in Valmont Industries, Inc. (NYSE:VMI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the industrial products company’s stock at the end of the second quarter. DekaBank Deutsche Girozentrale’s holdings in Valmont Industries were worth $148,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in VMI. Global X Management Co. LLC increased its stake in Valmont Industries by 220.0% in the second quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock worth $108,000 after buying an additional 495 shares in the last quarter. Gofen & Glossberg LLC IL purchased a new stake in Valmont Industries during the first quarter worth about $205,000. Janney Montgomery Scott LLC purchased a new stake in Valmont Industries during the first quarter worth about $207,000. Timber Hill LLC purchased a new stake in Valmont Industries during the first quarter worth about $209,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Valmont Industries during the second quarter worth about $212,000. Institutional investors and hedge funds own 83.98% of the company’s stock.

Valmont Industries, Inc. (VMI) opened at 142.65 on Thursday. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20. The company’s 50 day moving average price is $150.84 and its 200-day moving average price is $150.69. The company has a market capitalization of $3.22 billion, a P/E ratio of 17.67 and a beta of 0.97.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. The business had revenue of $712.70 million during the quarter, compared to the consensus estimate of $668.06 million. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 EPS. Equities research analysts expect that Valmont Industries, Inc. will post $7.09 earnings per share for the current year.

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A number of equities research analysts have issued reports on the company. BidaskClub downgraded Valmont Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Boenning Scattergood upgraded Valmont Industries from a “neutral” rating to an “outperform” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research note on Monday, May 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $171.00 price objective on shares of Valmont Industries in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $168.00.

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.

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

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