Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its position in Valmont Industries, Inc. (NYSE:VMI) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,730 shares of the industrial products company’s stock after selling 30,915 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Valmont Industries were worth $54,504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Foundry Partners LLC acquired a new stake in Valmont Industries during the 3rd quarter valued at approximately $4,158,000. Covea Finance raised its stake in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after buying an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Valmont Industries in the 3rd quarter valued at about $466,000. De Lisle Partners LLP lifted its holdings in shares of Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after buying an additional 5,800 shares during the period. Finally, Global Alpha Capital Management Ltd. boosted its stake in shares of Valmont Industries by 69.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 7,287 shares of the industrial products company’s stock worth $2,113,000 after buying an additional 2,997 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Transactions at Valmont Industries

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

Analyst Upgrades and Downgrades

VMI has been the topic of several recent research reports. DA Davidson upped their price objective on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price target 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.

Valmont Industries Stock Performance

NYSE VMI opened at $328.01 on Friday. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 22.28 and a beta of 1.05. The stock has a 50-day moving average of $323.92 and a 200 day moving average of $309.02. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13.

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.