Pro-Valmont Industries Inc Institutional Investors Sentiment Runs High in Q2 2018

October 2, 2018 - By whatsonthorold

Valmont Industries, Inc. (NYSE:VMI) Logo

Sentiment for Valmont Industries Inc (NYSE:VMI)

Valmont Industries Inc (NYSE:VMI) institutional sentiment increased to 0.91 in Q2 2018. Its up 0.23, from 0.68 in 2018Q1. The ratio increased, as 91 funds increased or started new equity positions, while 100 cut down and sold their positions in Valmont Industries Inc. The funds in our partner’s database now hold: 18.63 million shares, down from 18.95 million shares in 2018Q1. Also, the number of funds holding Valmont Industries Inc in their top 10 equity positions decreased from 3 to 2 for a decrease of 1. Sold All: 17 Reduced: 83 Increased: 64 New Position: 27.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States and internationally. The company has market cap of $3.12 billion. It operates through five divisions: Engineered Support Structures, Utility Support Structures, Coatings, Energy and Mining, and Irrigation. It has a 30.57 P/E ratio. The Engineered Support Structures segment makes and distributes engineered metal, wood, and composite structures and components for the lighting and traffic, wireless communication, and roadway safety industries.

The stock increased 0.66% or $0.92 during the last trading session, reaching $139.42. About 163,290 shares traded or 60.00% up from the average. Valmont Industries, Inc. (NYSE:VMI) has declined 7.15% since October 2, 2017 and is downtrending. It has underperformed by 22.77% the S&P500.

Analysts await Valmont Industries, Inc. (NYSE:VMI) to report earnings on October, 17. They expect $1.80 earnings per share, up 15.38 % or $0.24 from last year’s $1.56 per share. VMI’s profit will be $40.33 million for 19.36 P/E if the $1.80 EPS becomes a reality. After $1.98 actual earnings per share reported by Valmont Industries, Inc. for the previous quarter, Wall Street now forecasts -9.09 % negative EPS growth.

Harvey Partners Llc holds 5.3% of its portfolio in Valmont Industries, Inc. for 27,000 shares. Ack Asset Management Llc owns 97,000 shares or 3.42% of their US portfolio. Moreover, Speece Thorson Capital Group Inc has 2.57% invested in the company for 80,927 shares. The Oregon-based Pioneer Trust Bank N A Or has invested 2.56% in the stock. Spitfire Capital Llc, a California-based fund reported 34,149 shares.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $420,613 activity.

Valmont Industries, Inc. (NYSE:VMI) Ratings Coverage

Ratings analysis reveals 0 of Valmont Industries’s analysts are positive. Out of 2 Wall Street analysts rating Valmont Industries, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $141 while the high is $145. The stock’s average target of $145 is 4.00% above today’s ($139.42) share price. VMI was included in 3 notes of analysts from April 16, 2018. The stock of Valmont Industries, Inc. (NYSE:VMI) has “Hold” rating given on Wednesday, July 25 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of VMI in report on Monday, April 16 with “Hold” rating. Boenning \u0026 Scattergood downgraded the stock to “Neutral” rating in Friday, July 13 report.

More recent Valmont Industries, Inc. (NYSE:VMI) news were published by: Seekingalpha.com which released: “Valmont Industries: A Difficult Second Quarter Pushed Shares Down Too Far” on September 20, 2018. Also Streetinsider.com published the news titled: “Valmont Industries (VMI) Announces Acquisition of New Zealand Coatings Operations” on September 26, 2018. Seekingalpha.com‘s news article titled: “An A+ In Our Agricultural Portfolio: Archer Daniels Midland Co.” with publication date: September 17, 2018 was also an interesting one.

Valmont Industries, Inc. (NYSE:VMI) Institutional Positions Chart

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