Verity Asset Management Inc. Sells 68 Shares of Valmont Industries, Inc. (NYSE:VMI)

Verity Asset Management Inc. reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,456 shares of the industrial products company’s stock after selling 68 shares during the quarter. Verity Asset Management Inc.’s holdings in Valmont Industries were worth $1,367,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In related news, Director Daas Kaj Den sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total value of $6,978,400.00. Following the sale, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VMI. DA Davidson upped their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus increased their price target on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

Valmont Industries Stock Performance

Valmont Industries stock opened at $324.51 on Tuesday. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6.50 billion, a P/E ratio of 22.05 and a beta of 1.05. The stock’s 50 day moving average is $325.70 and its 200 day moving average is $307.83.

Valmont Industries Profile

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.