AllianzGI Convertible & Income Fund II (NCZ) At $6.04 Forms Bottom; Guggenheim Capital Lowered Valmont Inds (VMI) Holding By $2.04 Million

Valmont Industries, Inc. (NYSE:VMI) Logo

Guggenheim Capital Llc decreased Valmont Inds Inc (VMI) stake by 47.64% reported in 2018Q1 SEC filing. Guggenheim Capital Llc sold 13,954 shares as Valmont Inds Inc (VMI)’s stock declined 2.33%. The Guggenheim Capital Llc holds 15,339 shares with $2.24 million value, down from 29,293 last quarter. Valmont Inds Inc now has $3.43 billion valuation. The stock increased 0.79% or $1.2 during the last trading session, reaching $152.25. About 104,127 shares traded or 0.01% up from the average. Valmont Industries, Inc. (NYSE:VMI) has risen 0.24% since June 24, 2017 and is uptrending. It has underperformed by 12.33% the S&P500. Some Historical VMI News: 06/03/2018 – Valmont at Analyst Day Hosted By Seaport Today; 06/03/2018 – Valmont Hosts Investor Day Today, March 6, 2018 in New York City; 18/04/2018 – VALMONT SAYS IT MAY CONSIDER FURTHER ACTIONS TO CUT COSTS; 30/04/2018 – VALMONT COMPLETES SALE OF DONHAD PTY; 18/04/2018 – Valmont Industries 1Q EPS $1.72; 18/04/2018 – VALMONT INDUSTRIES INC QUARTERLY GAAP EARNINGS PER SHARE $1.72; 05/03/2018 – Valmont Industries Declares Quarterly Dividend of 37.5C; 18/04/2018 – VALMONT SEES FY ADJ. EPS $8-$8.10, SAW $8; 06/03/2018 – VALMONT REAFFIRMING FY 2018 EPS GUIDANCE; 15/05/2018 – VALMONT INDUSTRIES FILES DEBT SECURITIES SHELF

AllianzGI Convertible & Income Fund II (NCZ) formed multiple bottom with $5.80 target or 4.00% below today’s $6.04 share price. AllianzGI Convertible & Income Fund II (NCZ) has $453.41 million valuation. The stock increased 0.17% or $0.01 during the last trading session, reaching $6.04. About 157,089 shares traded. AllianzGI Convertible & Income Fund II (NYSE:NCZ) has declined 3.55% since June 24, 2017 and is downtrending. It has underperformed by 16.12% the S&P500.

Guggenheim Capital Llc increased Daqo New Energy Corp (NYSE:DQ) stake by 46,797 shares to 377,626 valued at $18.49 million in 2018Q1. It also upped Ambarella Inc (NASDAQ:AMBA) stake by 6,546 shares and now owns 19,093 shares. Black Hills Corp (NYSE:BKH) was raised too.

Investors sentiment decreased to 0.68 in 2018 Q1. Its down 0.44, from 1.12 in 2017Q4. It worsened, as 31 investors sold VMI 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. Moreover, Invesco Limited has 0.01% invested in Valmont Industries, Inc. (NYSE:VMI) for 152,356 shares. Delta Asset Mgmt Ltd Limited Liability Company Tn reported 0.03% stake. Campbell & Company Investment Adviser Limited Liability holds 3,215 shares. Bluemountain Capital Mgmt Limited Liability Corp holds 0.01% or 3,090 shares. Creative Planning holds 0.01% or 8,999 shares. Morgan Stanley accumulated 0% or 56,765 shares. Ls Inv Advsrs reported 1,299 shares. Janney Montgomery Scott Limited Liability Company has 0% invested in Valmont Industries, Inc. (NYSE:VMI). Ubs Asset Americas holds 0% of its portfolio in Valmont Industries, Inc. (NYSE:VMI) for 25,497 shares. Raymond James & holds 12,660 shares. Sumitomo Mitsui Asset Mngmt accumulated 0.03% or 11,635 shares. Profund Advisors Ltd holds 3,205 shares or 0.02% of its portfolio. Raymond James Advisors accumulated 5,824 shares. 5,899 are held by Los Angeles Mngmt And Equity Rech. Us Bancorporation De accumulated 6,299 shares.

Analysts await Valmont Industries, Inc. (NYSE:VMI) to report earnings on July, 18. They expect $2.21 EPS, up 9.95% or $0.20 from last year’s $2.01 per share. VMI’s profit will be $49.85M for 17.22 P/E if the $2.21 EPS becomes a reality. After $1.87 actual EPS reported by Valmont Industries, Inc. for the previous quarter, Wall Street now forecasts 18.18% EPS growth.

Among 5 analysts covering Valmont Industries Inc. (NYSE:VMI), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Valmont Industries Inc. had 15 analyst reports since January 12, 2016 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, February 23 report. On Friday, July 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Valmont Industries, Inc. (NYSE:VMI) earned “Buy” rating by Stifel Nicolaus on Friday, October 6. The stock of Valmont Industries, Inc. (NYSE:VMI) has “Hold” rating given on Tuesday, January 16 by Stifel Nicolaus. Stifel Nicolaus downgraded the shares of VMI in report on Monday, December 11 to “Hold” rating. Stifel Nicolaus maintained Valmont Industries, Inc. (NYSE:VMI) rating on Monday, April 16. Stifel Nicolaus has “Hold” rating and $141 target. Stifel Nicolaus maintained Valmont Industries, Inc. (NYSE:VMI) on Wednesday, August 30 with “Buy” rating. As per Thursday, July 20, the company rating was maintained by Boenning & Scattergood. The firm has “Neutral” rating by Wedbush given on Friday, February 19. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 19.

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