Valmont Industries, Inc. $VMI Shares Sold by Engineers Gate Manager LP
MarketBeat
Engineers Gate Manager LP reduced its stake in Valmont Industries (NYSE:VMI) by 38.7% in the second quarter, selling 2,821 shares and retaining 4,465 shares valued at $2.58 million. Despite this, institutional investors and hedge funds still collectively own a significant 87.84% of the company. Valmont Industries reported strong Q2 earnings, with EPS of $6.14 exceeding estimates and revenue increasing by 6.5% year-over-year, alongside declaring a quarterly dividend of $0.77 per share.
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