Notable Ownership Action: Valmont Industries Inc (NYSE:VMI): Institutional Investors Are Worried

November 30, 2016 - By Darrin Black   ·   0 Comments

Notable Ownership Action: Valmont Industries Inc (NYSE:VMI): Institutional Investors Are Worried

Sentiment for Valmont Industries Inc (NYSE:VMI)

Valmont Industries Inc (NYSE:VMI) institutional sentiment decreased to 0.82 in Q2 2016. Its down -0.35, from 1.17 in 2016Q1. The ratio has worsened, as 109 institutional investors started new or increased stock positions, while 93 reduced and sold their positions in Valmont Industries Inc. The institutional investors in our partner’s database now possess: 18.81 million shares, down from 19.15 million shares in 2016Q1. Also, the number of institutional investors holding Valmont Industries Inc in their top 10 stock positions was flat from 3 to 3 for the same number . Sold All: 14 Reduced: 79 Increased: 78 New Position: 31.

Valmont Industries, Inc. is a producer of fabricated metal products. The company has a market cap of $3.34 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 46.43 P/E ratio. The Utility Support Structures segment makes engineered steel and concrete structures for the utility industry.

About 49,190 shares traded hands. Valmont Industries, Inc. (NYSE:VMI) has risen 3.16% since April 27, 2016 and is uptrending. It has underperformed by 2.07% the S&P500.

Analysts await Valmont Industries, Inc. (NYSE:VMI) to report earnings on February, 15. They expect $1.47 earnings per share, up 8.89% or $0.12 from last year’s $1.35 per share. VMI’s profit will be $33.04M for 25.27 P/E if the $1.47 EPS becomes a reality. After $1.48 actual earnings per share reported by Valmont Industries, Inc. for the previous quarter, Wall Street now forecasts -0.68% negative EPS growth.

According to Zacks Investment Research, “VALMONT INDUSTRIES, INC. is engaged in industrial products and irrigation products businesses. The Industrial Products segment involves the manufacture and distribution of engineered metal structures and other fabricated products for industrial and commercial applications. The Irrigation Products segment involves the manufacture and distribution of agricultural irrigation equipment and related products.”

Makaira Partners Llc holds 13.21% of its portfolio in Valmont Industries, Inc. for 667,334 shares. Pioneer Trust Bank N A Or owns 51,476 shares or 4.23% of their US portfolio. Moreover, Qv Investors Inc. has 3.82% invested in the company for 222,568 shares. The California-based Spitfire Capital Llc has invested 3.53% in the stock. Robecosam Usa Inc., a New York-based fund reported 16,942 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 insider sale for $49,568 net activity.

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

Ratings analysis reveals 50% of Valmont Industries Inc.’s analysts are positive. Out of 2 Wall Street analysts rating Valmont Industries Inc., 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $118 while the high is $132. The stock’s average target of $125 is -15.88% below today’s ($148.6) share price. VMI was included in 2 notes of analysts from January 12, 2016. Wedbush maintained Valmont Industries, Inc. (NYSE:VMI) rating on Friday, February 19. Wedbush has “Neutral” rating and $118 price target.

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 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 the news titled: “News Valmont Industries Inc.VMI” on February 12, 2011. Seekingalpha.com‘s news article titled: “Valmont Industries: Q3 Shows Some Green Shoots For 2017” with publication date: October 24, 2016 was also an interesting one.

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By Darrin Black

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