Schroder Investment Management Group Trims Holdings in Valmont Industries (VMI)


Schroder Investment Management Group cut its stake in Valmont Industries (NYSE:VMI) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 689,795 shares of the industrial products company’s stock after selling 9,086 shares during the period. Schroder Investment Management Group owned approximately 3.06% of Valmont Industries worth $100,917,000 as of its most recent SEC filing.


A number of other institutional investors also recently modified their holdings of VMI. Clarus Wealth Advisors bought a new stake in Valmont Industries in the 4th quarter valued at $214,000. State of Alaska Department of Revenue bought a new stake in Valmont Industries in the 4th quarter valued at $215,000. BlueCrest Capital Management Ltd bought a new stake in Valmont Industries in the 4th quarter valued at $253,000. Global X Management Co. LLC boosted its holdings in Valmont Industries by 75.0% in the 4th quarter. Global X Management Co. LLC now owns 1,575 shares of the industrial products company’s stock valued at $261,000 after purchasing an additional 675 shares during the period. Finally, Xact Kapitalforvaltning AB bought a new stake in Valmont Industries in the 4th quarter valued at $309,000. 86.52% of the stock is owned by hedge funds and other institutional investors.


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A number of analysts have weighed in on the stock. Boenning Scattergood reissued a “buy” rating and issued a $185.00 price target on shares of Valmont Industries in a report on Thursday, April 19th. Stifel Nicolaus reduced their price target on shares of Valmont Industries from $160.00 to $141.00 and set a “hold” rating for the company in a report on Monday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Valmont Industries currently has an average rating of “Hold” and a consensus target price of $169.00.


Valmont Industries opened at $146.55 on Tuesday, Marketbeat reports. The stock has a market cap of $3.31 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. Valmont Industries has a 52 week low of $137.90 and a 52 week high of $176.35. The company has a quick ratio of 3.08, a current ratio of 4.07 and a debt-to-equity ratio of 0.64.

Valmont Industries (NYSE:VMI) last released its quarterly earnings data on Wednesday, April 18th. The industrial products company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The company had revenue of $698.68 million during the quarter, compared to the consensus estimate of $682.96 million. Valmont Industries had a net margin of 4.15% and a return on equity of 14.11%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.72 EPS. equities research analysts expect that Valmont Industries will post 8.04 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.

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

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