Principal Financial Group Inc. Decreases Position in Valmont Industries, Inc. $VMI

Principal Financial Group Inc. reduced its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,282 shares of the industrial products company’s stock after selling 1,657 shares during the period. Principal Financial Group Inc. owned 0.22% of Valmont Industries worth $17,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp purchased a new stake in shares of Valmont Industries during the third quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its stake in Valmont Industries by 357.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 75 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Valmont Industries by 93.9% in the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after buying an additional 62 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Valmont Industries by 223.4% in 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 in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Valmont Industries during the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI opened at $473.90 on Tuesday. The stock has a 50 day moving average price of $428.17 and a 200 day moving average price of $401.80. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 40.82 and a beta of 1.22. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $479.53.

Analyst Ratings Changes

A number of brokerages have commented on VMI. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. DA Davidson lifted their price objective on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on Valmont Industries from $491.00 to $492.00 and gave the company 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 stock. According to MarketBeat, the company currently has an average 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.