Hantz Financial Services Inc. Grows Position in Valmont Industries, Inc. (NYSE:VMI)

Hantz Financial Services Inc. boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 21.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,138 shares of the industrial products company’s stock after acquiring an additional 1,764 shares during the period. Hantz Financial Services Inc.’s holdings in Valmont Industries were worth $3,109,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its position in shares of Valmont Industries by 12.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock worth $81,000 after buying an additional 31 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Valmont Industries by 1.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock worth $674,000 after purchasing an additional 35 shares during the period. Huntington National Bank lifted its stake in shares of Valmont Industries by 16.5% in the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 35 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Valmont Industries by 3.1% during the 3rd quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company’s stock worth $378,000 after purchasing an additional 39 shares during the period. Finally, Creative Planning increased its position in Valmont Industries by 0.5% during the 2nd quarter. Creative Planning now owns 8,922 shares of the industrial products company’s stock worth $2,449,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Analyst Ratings Changes

VMI has been the topic of a number of recent research reports. DA Davidson lifted their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a report on Friday, January 24th.

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $333.41 on Friday. The business’s 50-day simple moving average is $326.43 and its 200 day simple moving average is $306.84. The company has a market cap of $6.68 billion, a P/E ratio of 22.65 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13.

Insider Activity

In related news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction 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 sale, the director now owns 131,730 shares of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the completion of the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.