Gamco Investors INC. ET AL held its stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the industrial products company’s stock at the end of the second quarter. Gamco Investors INC. ET AL’s holdings in Valmont Industries were worth $1,496,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VMI. American Century Companies Inc. raised its stake in shares of Valmont Industries by 4.6% in the first quarter. American Century Companies Inc. now owns 129,027 shares of the industrial products company’s stock valued at $20,064,000 after buying an additional 5,719 shares during the period. Advisors Asset Management Inc. raised its position in Valmont Industries by 18.8% in the first quarter. Advisors Asset Management Inc. now owns 5,455 shares of the industrial products company’s stock worth $848,000 after buying an additional 865 shares during the period. First Trust Advisors LP raised its position in Valmont Industries by 2.5% in the first quarter. First Trust Advisors LP now owns 77,926 shares of the industrial products company’s stock worth $12,117,000 after buying an additional 1,922 shares during the period. State Board of Administration of Florida Retirement System raised its position in Valmont Industries by 1.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 28,424 shares of the industrial products company’s stock worth $4,420,000 after buying an additional 497 shares during the period. Finally, Chicago Equity Partners LLC raised its position in Valmont Industries by 1.0% in the first quarter. Chicago Equity Partners LLC now owns 17,235 shares of the industrial products company’s stock worth $2,680,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 85.54% of the company’s stock.

Valmont Industries, Inc. (NYSE:VMI) opened at 143.75 on Friday. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 17.81 and a beta of 0.97. The stock’s 50 day moving average is $150.84 and its 200-day moving average is $150.69. Valmont Industries, Inc. has a 12 month low of $120.65 and a 12 month high of $165.20.

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

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A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Boenning Scattergood restated a “hold” rating on shares of Valmont Industries in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $171.00 price target on the stock in a research report on Friday, May 12th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $171.00 price target on shares of Valmont Industries in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Valmont Industries currently has a consensus rating of “Hold” and an average target price of $168.00.

Valmont Industries Company Profile

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.

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

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