Does Valmont Industries Inc (NYSE:VMI) Have Gas After Even Less Sellers Involved?

June 14, 2018 - By Hazel Jackson

Valmont Industries, Inc. (NYSE:VMI) Logo

Investors sentiment decreased to 0.68 in Q1 2018. Its down 0.44, from 1.12 in 2017Q4. It fall, as 31 investors sold Valmont Industries, Inc. shares while 89 reduced holdings. 22 funds opened positions while 60 raised stakes. 18.95 million shares or 0.41% less from 19.03 million shares in 2017Q4 were reported.
Pub Employees Retirement Of Ohio has 11,936 shares. Btim Corporation has invested 0.39% in Valmont Industries, Inc. (NYSE:VMI). Jupiter Asset Management Limited has invested 0.04% in Valmont Industries, Inc. (NYSE:VMI). Advisors Asset Mngmt Inc owns 4,096 shares for 0.01% of their portfolio. Bluecrest Capital Limited has invested 0.02% in Valmont Industries, Inc. (NYSE:VMI). Bankshares Of Ny Mellon holds 0.02% of its portfolio in Valmont Industries, Inc. (NYSE:VMI) for 425,377 shares. The Missouri-based Moneta Grp Inc Inv Advisors Ltd Liability has invested 0.01% in Valmont Industries, Inc. (NYSE:VMI). Prudential Finance Inc stated it has 67,909 shares. Wells Fargo Mn owns 0% invested in Valmont Industries, Inc. (NYSE:VMI) for 47,564 shares. Tower Research Cap Ltd Co (Trc) invested in 0.03% or 2,396 shares. Clifford Swan Counsel Limited Company stated it has 5,100 shares. Convergence Inv Partners reported 0% stake. Great West Life Assurance Can owns 13,527 shares. Makaira Partners Ltd Limited Liability Company holds 2.99% in Valmont Industries, Inc. (NYSE:VMI) or 179,680 shares. Cetera Advisor Netwr Limited Co has invested 0.02% of its portfolio in Valmont Industries, Inc. (NYSE:VMI).

The stock of Valmont Industries Inc (NYSE:VMI) registered a decrease of 1.54% in short interest. VMI’s total short interest was 333,100 shares in June as published by FINRA. Its down 1.54% from 338,300 shares, reported previously. With 107,600 shares average volume, it will take short sellers 3 days to cover their VMI’s short positions. The short interest to Valmont Industries Inc’s float is 1.51%.

The stock decreased 0.07% or $0.1 during the last trading session, reaching $152.25. About 102,117 shares traded. Valmont Industries, Inc. (NYSE:VMI) has risen 0.24% since June 14, 2017 and is uptrending. It has underperformed by 12.33% the S&P500.

Valmont Industries, Inc. produces and sells fabricated metal products in the United States and internationally. The company has market cap of $3.43 billion. It operates through five divisions: Engineered Support Structures, Utility Support Structures, Coatings, Energy and Mining, and Irrigation. It has a 29.79 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.

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

Among 2 analysts covering Valmont (NYSE:VMI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Valmont had 4 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, April 16. The rating was downgraded by Seaport Global on Tuesday, January 23 to “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, January 16. Stifel Nicolaus maintained Valmont Industries, Inc. (NYSE:VMI) on Friday, February 23 with “Hold” rating.

Another recent and important Valmont Industries, Inc. (NYSE:VMI) news was published by Prnewswire.com which published an article titled: “Valmont Industries, Inc. Announces Redemption of 6.625% Senior Notes due 2020” on June 11, 2018.

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

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