Azzad Asset Management Inc. ADV Makes New $739,000 Investment in Valmont Industries, Inc. $VMI

Azzad Asset Management Inc. ADV bought a new stake in Valmont Industries, Inc. (NYSE:VMI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,906 shares of the industrial products company’s stock, valued at approximately $739,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMI. First Horizon Corp bought a new position in Valmont Industries during the third quarter valued at $29,000. Farther Finance Advisors LLC lifted its position in shares of Valmont Industries by 357.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 75 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Valmont Industries by 335.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 122 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 94 shares during the period. True Wealth Design LLC grew its stake in shares of Valmont Industries by 254.3% during the 3rd quarter. True Wealth Design LLC now owns 124 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 89 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Valmont Industries by 93.9% during the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 62 shares during the period. 87.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VMI shares. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. DA Davidson upped their price target on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Stifel Nicolaus increased their price target on shares of Valmont Industries from $491.00 to $492.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Valmont Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.33.

Valmont Industries Trading Up 0.0%

Shares of Valmont Industries stock opened at $473.90 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $479.53. The firm has a market cap of $9.34 billion, a PE ratio of 40.82 and a beta of 1.22. The company has a 50 day simple moving average of $428.17 and a two-hundred day simple moving average of $401.80.

Valmont Industries Profile

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.