Moloney Securities Asset Management LLC Reduces Position in Valmont Industries, Inc. (NYSE:VMI)

Moloney Securities Asset Management LLC reduced its holdings in Valmont Industries, Inc. (NYSE:VMI) by 47.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,957 shares of the industrial products company’s stock after selling 1,789 shares during the period. Moloney Securities Asset Management LLC’s holdings in Valmont Industries were worth $600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Foundry Partners LLC purchased a new position in Valmont Industries in the 3rd quarter worth approximately $4,158,000. Covea Finance increased its holdings in shares of Valmont Industries by 29.9% in the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after purchasing an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Valmont Industries during the third quarter worth approximately $466,000. De Lisle Partners LLP boosted its stake in Valmont Industries by 44.6% during the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after buying an additional 5,800 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Valmont Industries by 12.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock valued at $60,497,000 after buying an additional 23,765 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. DA Davidson lifted their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

Valmont Industries Trading Up 0.1 %

Shares of Valmont Industries stock opened at $328.56 on Tuesday. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 22.32 and a beta of 1.05. The stock has a 50 day moving average of $323.50 and a 200 day moving average of $309.50.

Insider Transactions at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were 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 $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a 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 dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the transaction, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About Valmont Industries

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.