Today’s Short Interest: What’s Ahead for Valmont Industries Incorporated (NYSE:VMI) After Less Shorted Shares?

November 21, 2016 - By kentuckypostne   ·   0 Comments

Today's Short Interest: What’s Ahead for Valmont Industries Incorporated (NYSE:VMI) After Less Shorted Shares?

The stock of Valmont Industries Incorporated (NYSE:VMI) registered a decrease of 3.07% in short interest. VMI’s total short interest was 1.18 million shares in November as published by FINRA. Its down 3.07% from 1.22M shares, reported previously. With 103,600 shares average volume, it will take short sellers 11 days to cover their VMI’s short positions. The short interest to Valmont Industries Incorporated’s float is 5.35%. The stock decreased 1.60% or $2.3 on November 18, hitting $141.3. Valmont Industries, Inc. (NYSE:VMI) has risen 12.70% since April 19, 2016 and is uptrending. It has outperformed by 8.84% the S&P500.

Valmont Industries, Inc. is a producer of fabricated metal products. The company has a market cap of $3.16 billion. The Company’s Engineered Support Structures segment makes and distributes engineered metal and composite structures and components for global lighting and traffic, wireless communication, and roadway safety. It has a 44.15 P/E ratio. The Utility Support Structures segment makes engineered steel and concrete structures for the utility industry.

Insitutional Activity: The institutional sentiment decreased to 0.82 in Q2 2016. Its down 0.35, from 1.17 in 2016Q1. The ratio worsened, as 14 funds sold all Valmont Industries, Inc. shares owned while 79 reduced positions. 31 funds bought stakes while 78 increased positions. They now own 18.81 million shares or 1.80% less from 19.15 million shares in 2016Q1.
Rhumbline Advisers has invested 0.02% of its portfolio in Valmont Industries, Inc. (NYSE:VMI). Delta Asset Management Limited Liability Corp Tn reported 1,370 shares or 0.03% of all its holdings. Blackrock Institutional Communications Na holds 0.01% of its portfolio in Valmont Industries, Inc. (NYSE:VMI) for 661,815 shares. Gamco Investors Inc Et Al accumulated 10,000 shares or 0.01% of the stock. Ladenburg Thalmann Fincl Svcs Inc last reported 0.01% of its portfolio in the stock. Arbor Capital Mgmt Ltd last reported 14,653 shares in the company. F&V Cap Mngmt Ltd Liability Com reported 12,998 shares or 1.31% of all its holdings. Checchi Cap Advisers Ltd Co holds 0.01% or 327 shares in its portfolio. Schwab Charles Investment Mngmt Inc has 53,710 shares for 0.01% of their US portfolio. Seizert Capital Prns Limited has invested 1.53% of its portfolio in Valmont Industries, Inc. (NYSE:VMI). Envestnet Asset Management has 0% invested in the company for 2,910 shares. Tiaa Cref Mngmt Lc owns 143,997 shares or 0.01% of their US portfolio. State Treasurer State Of Michigan holds 0.01% or 9,100 shares in its portfolio. National Bank & Trust Of Mellon Corporation holds 247,835 shares or 0.01% of its portfolio. Cap Research Investors last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since July 29, 2016, the stock had 0 insider buys, and 1 sale for $49,568 net activity. Randt Clark T. Jr. had sold 381 shares worth $49,568.

Valmont Industries, Inc. (NYSE:VMI) Ratings Coverage

Out of 2 analysts covering Valmont Industries Inc. (NYSE:VMI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $132 is the highest target while $118 is the lowest. The $125 average target is -11.54% below today’s ($141.3) stock price. Valmont Industries Inc. has been the topic of 2 analyst reports since January 12, 2016 according to StockzIntelligence Inc. The rating was maintained by Wedbush on Friday, February 19 with “Neutral”.

VMI Company Profile

Valmont Industries, Inc., incorporated on August 2, 1974, is a producer of fabricated metal products. The Company’s divisions are Engineered Support Structures, Utility Support Structures, Energy and Mining, Coatings and Irrigation. The Company’s Others segment distributes industrial fasteners. The Company’s clients and end users include state and federal governments, contractors, utility and telecommunications companies, manufacturers of commercial lighting fixtures and large farms, as well as the general manufacturing sector.

More important recent Valmont Industries, Inc. (NYSE:VMI) news were published by: Prnewswire.com which released: “Valmont Industries, Inc. Third Quarter 2016 Earnings Conference Call” on October 13, 2016, also Quotes.Wsj.com published article titled: “News Valmont Industries Inc.VMI”, Barrons.com published: “Valmont Industries Prepares for a Growth Spurt” on February 28, 2015. More interesting news about Valmont Industries, Inc. (NYSE:VMI) was released by: Equitiesfocus.com and their article: “Valmont Industries, Inc. (NYSE:VMI) 200-Day MA At $132.31” with publication date: November 18, 2016.

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