Bank of Montreal Can grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 27.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,239 shares of the industrial products company’s stock after purchasing an additional 1,552 shares during the quarter. Bank of Montreal Can’s holdings in Valmont Industries were worth $1,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in VMI. Neuberger Berman Group LLC grew its holdings in shares of Valmont Industries by 9.7% in the 1st quarter. Neuberger Berman Group LLC now owns 1,444,311 shares of the industrial products company’s stock valued at $211,299,000 after acquiring an additional 127,234 shares in the last quarter. Robecosam AG lifted its stake in Valmont Industries by 81.0% in the 1st quarter. Robecosam AG now owns 143,880 shares of the industrial products company’s stock valued at $21,050,000 after purchasing an additional 64,402 shares during the last quarter. BlackRock Inc. lifted its stake in Valmont Industries by 2.9% in the 1st quarter. BlackRock Inc. now owns 1,877,269 shares of the industrial products company’s stock valued at $274,645,000 after purchasing an additional 52,961 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Valmont Industries by 64.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 125,156 shares of the industrial products company’s stock valued at $18,310,000 after purchasing an additional 49,206 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Valmont Industries in the 1st quarter valued at about $4,272,000. Institutional investors own 86.51% of the company’s stock.

Several brokerages recently issued reports on VMI. Stifel Nicolaus raised their target price on shares of Valmont Industries from $135.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, July 25th. ValuEngine upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Zacks Investment Research downgraded shares of Valmont Industries from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Finally, Boenning Scattergood downgraded shares of Valmont Industries from an “outperform” rating to a “neutral” rating in a research note on Friday, July 13th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $170.00.

Shares of NYSE:VMI opened at $139.90 on Friday. Valmont Industries, Inc. has a 52-week low of $135.35 and a 52-week high of $176.35. The stock has a market capitalization of $3.13 billion, a P/E ratio of 20.07, a PEG ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.83 and a quick ratio of 2.20.

Valmont Industries (NYSE:VMI) last issued its earnings results on Monday, July 23rd. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.04. Valmont Industries had a net margin of 3.74% and a return on equity of 13.89%. The business had revenue of $682.41 million during the quarter, compared to the consensus estimate of $709.92 million. During the same period last year, the business posted $2.01 EPS. sell-side analysts expect that Valmont Industries, Inc. will post 7.59 EPS for the current year.

About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. It operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

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

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