Valmont Industries, Inc. $VMI Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 76.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499 shares of the industrial products company’s stock after selling 1,589 shares during the quarter. AlphaQuest LLC’s holdings in Valmont Industries were worth $193,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. First Horizon Corp purchased a new position in Valmont Industries in the third quarter valued at $29,000. Farther Finance Advisors LLC increased its holdings in shares of Valmont Industries by 357.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 62 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Valmont Industries by 223.4% during the first 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. Finally, True Wealth Design LLC boosted its holdings in Valmont Industries by 254.3% in the third quarter. True Wealth Design LLC now owns 124 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Price Performance

NYSE:VMI opened at $478.69 on Thursday. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $487.58. The company has a market cap of $9.43 billion, a P/E ratio of 41.23 and a beta of 1.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The stock’s 50-day simple moving average is $430.81 and its 200 day simple moving average is $403.14.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VMI. DA Davidson raised their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Finally, Stifel Nicolaus increased their target price on shares of Valmont Industries from $491.00 to $492.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Three investment 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.com, Valmont Industries has an average rating of “Moderate Buy” and a consensus price target of $462.33.

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.