Valmont Industries, Inc. (NYSE:VMI) Position Lessened by Washington Capital Management Inc.

Washington Capital Management Inc. reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,950 shares of the industrial products company’s stock after selling 400 shares during the period. Washington Capital Management Inc.’s holdings in Valmont Industries were worth $598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Valmont Industries by 117.4% in the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 54 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Valmont Industries in the third quarter valued at approximately $35,000. Exchange Traded Concepts LLC bought a new stake in Valmont Industries in the third quarter worth approximately $39,000. Quarry LP increased its stake in shares of Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 134 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Valmont Industries during the 3rd quarter valued at $58,000. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Trading Up 0.4 %

NYSE:VMI opened at $329.16 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $326.54 and its 200-day moving average is $306.65. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 22.36 and a beta of 1.05. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $354.13.

Insider Buying and Selling

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total value of $6,978,400.00. Following the transaction, the director now owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This trade represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VMI shares. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, January 24th. DA Davidson upped their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th.

Valmont Industries Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.