Glen Harbor Capital Management LLC Maintains Stake in Valmont Industries, Inc. (VMI)

Xavier Trudeau
Juin 19, 2017

It is positive, as 12 investors sold Valmont Industries, Inc. shares while 88 reduced holdings. (NYSE:VMI). Ls Invest Ltd Com owns 1,576 shares for 0.02% of their portfolio.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMI. Comerica Bank increased its position in shares of Valmont Industries by 3.1% in the fourth quarter. Valmont Industries's revenue was up 6.9% compared to the same quarter previous year. First Republic Investment Management Inc. raised its position in Valmont Industries by 2.8% in the fourth quarter. Panagora Asset Management Inc. now owns 143,237 shares of the industrial products company's stock worth $19,275,000 after buying an additional 17,563 shares during the last quarter. Fdx Advsrs Inc invested 0.01% in Valmont Industries, Inc. Finally, First Quadrant L P CA increased its position in shares of Valmont Industries by 17.5% 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 during the period. The institutional investor owned 902 shares of the industrial products company's stock at the end of the first quarter. Valmont Industries Inc. had 3 analyst reports since January 12, 2016 according to SRatingsIntel.

Shares of Valmont Industries (NYSE:VMI) traded down 0.69% during mid-day trading on Tuesday, reaching $150.70. The stock had a trading volume of 51,856 shares. The firm's 50-day moving average price is $149.78 and its 200-day moving average price is $149.07. The company has market cap of $39.57 million. (NYSE:VMI) news were published by: Seekingalpha.com which released: "Valmont Industries: A Correction Would Provide An Opportunity" on May 18, 2017, also Seekingalpha.com published article titled: "Backing Off The Bull Case For Valmont Industries", Seekingalpha.com published: "Valmont Industries' (VMI) CEO Mogens Bay on Q1 2017 Results - Earnings Call ..." on April 20, 2017. The industrial products company reported $1.72 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.64 by $0.08. After having $1.68 EPS previously, Valmont Industries, Inc.'s analysts see 14.88 % EPS growth. The business had revenue of $637.47 million during the quarter, compared to the consensus estimate of $626.02 million. They expect $1.93 EPS, up 4.32 % or $0.08 from last year's $1.85 per share. The company's quarterly revenue was up 6.9% compared to the same quarter a year ago. On average, analysts predict that Valmont Industries will post $7.08 EPS for the current fiscal year. Shareholders of record on Friday, June 30th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, June 28th. Valmont Industries's payout ratio is now 18.96%.

COPYRIGHT VIOLATION NOTICE: "Janney Montgomery Scott LLC Takes Position in Valmont Industries, Inc. (VMI)" was originally posted by Stock Observer and is the property of of Stock Observer. If you are accessing this piece on another website, it was illegally copied and republished in violation of US and global trademark & copyright law. The legal version of this piece can be read at https://www.chaffeybreeze.com/2017/06/19/valmont-industries-inc-vmi-shares-sold-by-stevens-capital-management-lp-updated-updated-updated.html. (NYSE:VMI). State Of Wisconsin Board reported 76,804 shares. William Blair reaffirmed a "market perform" rating on shares of Valmont Industries in a research report on Sunday, April 23rd. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Sunday, April 23rd. Zacks Investment Research now has $171.00 target price on the industrial products company's stock. TheStreet upgraded shares of Valmont Industries from a "c" rating to a "b-" rating in a report on Tuesday, February 21st. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company.

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