Caprock Group LLC Invests $1.76 Million in Valmont Industries, Inc. $VMI

Caprock Group LLC bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,803 shares of the industrial products company’s stock, valued at approximately $1,763,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMI. GAMMA Investing LLC increased its position in Valmont Industries by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 202 shares of the industrial products company’s stock valued at $78,000 after purchasing an additional 36 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Valmont Industries by 4.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after buying an additional 38 shares during the period. Thrivent Financial for Lutherans raised its stake in Valmont Industries by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 7,393 shares of the industrial products company’s stock worth $2,433,000 after buying an additional 40 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Valmont Industries by 37.2% in the third quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock worth $68,000 after buying an additional 48 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Valmont Industries by 4.0% in the second quarter. Janney Montgomery Scott LLC now owns 1,549 shares of the industrial products company’s stock worth $506,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $476.19 on Friday. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $487.58. The firm’s 50-day moving average is $433.07 and its 200 day moving average is $404.39. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 41.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50.

Wall Street Analyst Weigh In

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