Cutter & CO Brokerage Inc. Reduces Position in Valmont Industries, Inc. (VMI)

Cutter & CO Brokerage Inc. lowered its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,759 shares of the industrial products company’s stock after selling 430 shares during the period. Valmont Industries comprises approximately 2.2% of Cutter & CO Brokerage Inc.’s investment portfolio, making the stock its 7th largest position. Cutter & CO Brokerage Inc. owned 0.15% of Valmont Industries worth $5,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Republic Investment Management Inc. increased its position in shares of Valmont Industries by 2.8% in the fourth quarter. First Republic Investment Management Inc. now owns 2,146 shares of the industrial products company’s stock worth $302,000 after buying an additional 59 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Valmont Industries by 2.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 4,900 shares of the industrial products company’s stock worth $690,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Valmont Industries by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 5,700 shares of the industrial products company’s stock worth $886,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Valmont Industries by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,159 shares of the industrial products company’s stock worth $1,269,000 after buying an additional 100 shares in the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Valmont Industries by 1.1% in the first quarter. State Treasurer State of Michigan now owns 9,200 shares of the industrial products company’s stock worth $1,431,000 after buying an additional 100 shares in the last quarter. Institutional investors own 83.78% of the company’s stock.

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

Shares of Valmont Industries, Inc. (NYSE:VMI) traded up 1.97% during mid-day trading on Friday, hitting $149.85. The stock had a trading volume of 84,939 shares. The stock has a market cap of $3.38 billion, a P/E ratio of 18.96 and a beta of 0.98. 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 is $151.90 and its 200-day moving average is $147.52.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, April 19th. The industrial products company reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.08. The business had revenue of $637.47 million for the quarter, compared to analyst estimates of $626.02 million. Valmont Industries had a net margin of 2.93% and a return on equity of 14.27%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. On average, equities research analysts anticipate that Valmont Industries, Inc. will post $7.08 earnings per share for the current fiscal year.

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Several research firms have weighed in on VMI. Zacks Investment Research raised Valmont Industries from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research report on Friday, May 12th. Stifel Nicolaus raised Valmont Industries from a “hold” rating to a “buy” rating and lifted their price objective for the company from $160.00 to $167.00 in a research report on Monday, April 17th. TheStreet raised Valmont Industries from a “c” rating to a “b-” rating in a research report on Tuesday, February 21st. Finally, William Blair reaffirmed a “market perform” rating on shares of Valmont Industries in a research report on Sunday, April 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $170.50.

In other news, Director Clark T. Jr. Randt sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $155.30, for a total transaction of $155,300.00. Following the transaction, the director now directly owns 5,979 shares of the company’s stock, valued at $928,538.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mogens C. Bay sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $159.49, for a total transaction of $7,974,500.00. Following the transaction, the chairman now directly owns 285,789 shares in the company, valued at $45,580,487.61. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.

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.

12 Month Chart for NYSE:VMI

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