R Squared Ltd Makes New $147,000 Investment in Valmont Industries, Inc. (NYSE:VMI)

R Squared Ltd bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) in the fourth quarter, Holdings Channel reports. The firm bought 480 shares of the industrial products company’s stock, valued at approximately $147,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. boosted its position in Valmont Industries by 57.6% during the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after purchasing an additional 148,811 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Valmont Industries by 16.3% during the 3rd quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company’s stock worth $71,825,000 after purchasing an additional 34,772 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Valmont Industries by 9.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company’s stock valued at $83,689,000 after buying an additional 25,237 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Valmont Industries by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company’s stock valued at $84,927,000 after buying an additional 24,224 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Valmont Industries by 12.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock worth $60,497,000 after buying an additional 23,765 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Up 0.4 %

VMI opened at $329.16 on Thursday. The firm has a market cap of $6.59 billion, a P/E ratio of 22.36 and a beta of 1.05. 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 business has a 50 day moving average price of $326.54 and a 200 day moving average price of $306.65. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13.

Insider Activity

In other news, Director Daas Kaj Den sold 1,000 shares of the company’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 transaction of $338,780.00. Following the completion of the transaction, the director now directly owns 8,644 shares in the company, valued at $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the sale, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. The trade was a 13.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on VMI. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research 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 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.