D.A. Davidson & CO. Has $14.09 Million Holdings in Valmont Industries, Inc. (NYSE:VMI)

D.A. Davidson & CO. raised its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,931 shares of the industrial products company’s stock after purchasing an additional 2,222 shares during the quarter. D.A. Davidson & CO.’s holdings in Valmont Industries were worth $14,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of VMI. Congress Asset Management Co. lifted its position in shares of Valmont Industries by 17.4% in the fourth quarter. Congress Asset Management Co. now owns 56,193 shares of the industrial products company’s stock worth $17,233,000 after purchasing an additional 8,330 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Valmont Industries by 6.6% in the fourth quarter. Blue Trust Inc. now owns 1,076 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 67 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Valmont Industries by 6.8% during the fourth quarter. New York State Teachers Retirement System now owns 24,340 shares of the industrial products company’s stock worth $7,464,000 after acquiring an additional 1,543 shares in the last quarter. Van ECK Associates Corp boosted its position in Valmont Industries by 34.3% during the fourth quarter. Van ECK Associates Corp now owns 15,436 shares of the industrial products company’s stock valued at $4,734,000 after purchasing an additional 3,943 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Valmont Industries in the 4th quarter worth about $8,275,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VMI shares. Stifel Nicolaus increased their price objective on 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 objective on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $378.00 on Wednesday. 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 business has a 50 day moving average price of $322.28 and a 200 day moving average price of $310.97. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 25.68 and a beta of 1.05. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $379.22.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a net margin of 7.38% and a return on equity of 23.10%. During the same period in the prior year, the firm posted $3.18 earnings per share. Research analysts predict that Valmont Industries, Inc. will post 16.88 earnings per share for the current year.

Insider Transactions at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the sale, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

Valmont Industries Company 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.