Valmont Industries, Inc. $VMI Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in Valmont Industries, Inc. (NYSE:VMI) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,328 shares of the industrial products company’s stock after selling 1,619 shares during the quarter. Envestnet Asset Management Inc. owned 0.26% of Valmont Industries worth $19,901,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. First Horizon Corp acquired a new stake in Valmont Industries in the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC increased its stake in shares of Valmont Industries by 357.1% during the third quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after buying an additional 75 shares during the period. Jones Financial Companies Lllp raised its holdings in Valmont Industries by 335.7% in the third quarter. Jones Financial Companies Lllp now owns 122 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 94 shares in the last quarter. True Wealth Design LLC lifted its stake 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 worth $48,000 after acquiring an additional 89 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in 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. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $476.19 on Friday. The company has a market cap of $9.38 billion, a PE ratio of 41.02 and a beta of 1.22. Valmont Industries, Inc. has a 12 month low of $250.07 and a 12 month high of $487.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The company has a 50-day simple moving average of $433.07 and a 200-day simple moving average of $404.68.

Wall Street Analyst Weigh In

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