Valmont Industries, Inc. $VMI Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Valmont Industries, Inc. (NYSE:VMI) by 90.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 474 shares of the industrial products company’s stock after selling 4,720 shares during the quarter. Strs Ohio’s holdings in Valmont Industries were worth $184,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of VMI. Millennium Management LLC lifted its position in shares of Valmont Industries by 225.1% in the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after acquiring an additional 46,825 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Valmont Industries by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock worth $16,873,000 after purchasing an additional 4,676 shares in the last quarter. Empowered Funds LLC acquired a new position in Valmont Industries in the 1st quarter valued at about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Valmont Industries by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock valued at $20,692,000 after purchasing an additional 2,639 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of Valmont Industries stock opened at $453.27 on Tuesday. The business’s fifty day moving average price is $422.66 and its 200 day moving average price is $397.70. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $454.59. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $8.93 billion, a P/E ratio of 39.04 and a beta of 1.20.

Wall Street Analysts Forecast Growth

VMI has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Finally, DA Davidson upped their target price on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Valmont Industries has a consensus rating of “Moderate Buy” and an average price target of $462.33.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.