480 Shares in Valmont Industries, Inc. (NYSE:VMI) Purchased by R Squared Ltd

R Squared Ltd bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 480 shares of the industrial products company’s stock, valued at approximately $147,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Valmont Industries by 1.1% during the third quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after acquiring an additional 6,913 shares during the period. Franklin Resources Inc. increased its position in shares of Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after purchasing an additional 148,811 shares during the period. FMR LLC raised its stake in shares of Valmont Industries by 4.0% in the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock worth $101,316,000 after buying an additional 13,509 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Valmont Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock valued at $97,428,000 after buying an additional 4,940 shares during the period. Finally, Copeland Capital Management LLC boosted its stake in Valmont Industries by 0.9% during the third quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock valued at $89,113,000 after buying an additional 2,869 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $329.16 on Thursday. The stock’s fifty day simple moving average is $326.54 and its 200 day simple moving average is $306.65. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 22.36 and a beta of 1.05. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $354.13.

Insider Activity at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares in the company, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. DA Davidson boosted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.