OxFORD Asset Management LLP boosted its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 45.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,648 shares of the industrial products company’s stock after acquiring an additional 9,935 shares during the period. OxFORD Asset Management LLP owned 0.14% of Valmont Industries worth $5,016,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in Valmont Industries by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock valued at $200,000 after acquiring an additional 8 shares in the last quarter. Citigroup Inc. grew its stake in Valmont Industries by 0.7% during the second quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock valued at $678,000 after acquiring an additional 31 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in Valmont Industries by 0.9% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,917 shares of the industrial products company’s stock valued at $530,000 after acquiring an additional 36 shares in the last quarter. Blair William & Co. IL grew its stake in Valmont Industries by 2.9% in the 2nd quarter. Blair William & Co. IL now owns 1,786 shares of the industrial products company’s stock worth $267,000 after buying an additional 50 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Valmont Industries by 1.1% in the 2nd 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 in the last quarter. 85.28% of the stock is owned by institutional investors.

In other news, VP Vanessa Kay Brown sold 3,059 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.

A number of equities analysts have commented on the stock. Boenning Scattergood reissued a “buy” rating and issued a $185.00 price target on shares of Valmont Industries in a research note on Friday, November 10th. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Stifel Nicolaus reissued a “buy” rating and issued a $183.00 price target on shares of Valmont Industries in a research note on Tuesday, October 17th. Seaport Global Securities assumed coverage on shares of Valmont Industries in a research note on Wednesday, September 6th. They issued a “buy” rating and a $160.00 price target for the company. Finally, BidaskClub cut shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $176.50.

Valmont Industries, Inc. (NYSE:VMI) traded down $2.70 during mid-day trading on Wednesday, reaching $170.15. 69,000 shares of the company’s stock were exchanged, compared to its average volume of 130,869. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65. Valmont Industries, Inc. has a fifty-two week low of $135.95 and a fifty-two week high of $176.35. The stock has a market cap of $3,830.00, a PE ratio of 25.20, a PEG ratio of 2.48 and a beta of 1.06.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The company had revenue of $680.78 million during the quarter, compared to analysts’ expectations of $652.65 million. During the same period in the prior year, the firm earned $1.48 EPS. Valmont Industries’s quarterly revenue was up 11.6% on a year-over-year basis. sell-side analysts forecast that Valmont Industries, Inc. will post 6.98 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Valmont Industries, Inc. (VMI) Position Boosted by OxFORD Asset Management LLP” was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/12/06/valmont-industries-inc-vmi-position-boosted-by-oxford-asset-management-llp.html.

Valmont Industries 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)

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.