Arcadia Investment Management Corp MI cut its position in Valmont Industries, Inc. (NYSE:VMI) by 39.3% during the second quarter, Holdings Channel reports. The fund owned 4,665 shares of the industrial products company’s stock after selling 3,020 shares during the period. Arcadia Investment Management Corp MI’s holdings in Valmont Industries were worth $698,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VMI. SG Americas Securities LLC boosted its position in shares of Valmont Industries by 83.0% in the second quarter. SG Americas Securities LLC now owns 8,672 shares of the industrial products company’s stock worth $1,297,000 after buying an additional 3,932 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Valmont Industries by 0.7% in the second quarter. State of Wisconsin Investment Board now owns 69,485 shares of the industrial products company’s stock worth $10,395,000 after buying an additional 460 shares during the last quarter. Denver Investment Advisors LLC acquired a new position in shares of Valmont Industries during the second quarter worth approximately $493,000. First Trust Advisors LP boosted its position in shares of Valmont Industries by 34.6% in the second quarter. First Trust Advisors LP now owns 104,890 shares of the industrial products company’s stock worth $15,692,000 after buying an additional 26,964 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Valmont Industries by 1.1% in the second quarter. Arizona State Retirement System now owns 9,500 shares of the industrial products company’s stock worth $1,421,000 after buying an additional 100 shares during the last quarter. 85.54% of the stock is owned by institutional investors and hedge funds.

Shares of Valmont Industries, Inc. (NYSE VMI) opened at 148.80 on Wednesday. The stock has a 50 day moving average of $151.51 and a 200 day moving average of $150.62. Valmont Industries, Inc. has a 12-month low of $120.65 and a 12-month high of $165.20. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 18.43 and a beta of 0.97.

Valmont Industries (NYSE:VMI) last released its earnings results on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.05. Valmont Industries had a net margin of 6.94% and a return on equity of 14.89%. The business had revenue of $712.70 million during the quarter, compared to analyst estimates of $668.06 million. During the same quarter in the prior year, the firm earned $1.85 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts predict that Valmont Industries, Inc. will post $7.10 earnings per share for the current fiscal year.

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A number of brokerages have commented on VMI. Boenning Scattergood raised shares of Valmont Industries from a “neutral” rating to an “outperform” rating in a research note on Friday, August 11th. Zacks Investment Research cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $171.00 price objective on shares of Valmont Industries in a research note on Friday, July 14th. Finally, BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Valmont Industries has a consensus rating of “Hold” and a consensus price target 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.

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

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