Shufro Rose & Co. LLC reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 48,700 shares of the industrial products company’s stock after selling 1,515 shares during the period. Shufro Rose & Co. LLC’s holdings in Valmont Industries were worth $7,285,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in VMI. UBS Asset Management Americas Inc. increased its stake in shares of Valmont Industries by 13.2% in the first quarter. UBS Asset Management Americas Inc. now owns 22,463 shares of the industrial products company’s stock worth $3,493,000 after buying an additional 2,611 shares in the last quarter. Pinnacle Bank bought a new stake in shares of Valmont Industries during the first quarter worth $117,000. Legal & General Group Plc increased its stake in shares of Valmont Industries by 54.6% in the first quarter. Legal & General Group Plc now owns 22,867 shares of the industrial products company’s stock worth $3,555,000 after buying an additional 8,076 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in shares of Valmont Industries during the first quarter worth $715,000. Finally, Morgan Stanley increased its stake in shares of Valmont Industries by 78.1% in the first quarter. Morgan Stanley now owns 142,825 shares of the industrial products company’s stock worth $22,209,000 after buying an additional 62,613 shares in the last quarter. 85.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Valmont Industries, Inc. (NYSE:VMI) opened at 148.45 on Monday. The company has a 50-day moving average of $151.49 and a 200-day moving average of $150.53. Valmont Industries, Inc. has a 52 week low of $120.65 and a 52 week high of $165.20. The stock has a market capitalization of $3.35 billion, a P/E ratio of 18.39 and a beta of 0.97.

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

TRADEMARK VIOLATION NOTICE: This story was reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The original version of this story can be read at https://www.dailypolitical.com/2017/08/14/valmont-industries-inc-vmi-position-cut-by-shufro-rose-co-llc.html.

A number of equities research analysts recently weighed in on VMI shares. William Blair reaffirmed a “market perform” rating on shares of Valmont Industries in a research note on Sunday, April 23rd. Zacks Investment Research downgraded shares of Valmont Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. BidaskClub raised shares of Valmont Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, Stifel Nicolaus raised their target price on shares of Valmont Industries from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Sunday, April 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target 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.

Want to see what other hedge funds are holding VMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valmont Industries, Inc. (NYSE:VMI).

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

Receive News & Ratings for Valmont Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.