Rhumbline Advisers Sells 1,206 Shares of Valmont Industries, Inc. $VMI

Rhumbline Advisers reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 2.3% during the third quarter, Holdings Channel reports. The institutional investor owned 52,032 shares of the industrial products company’s stock after selling 1,206 shares during the quarter. Rhumbline Advisers’ holdings in Valmont Industries were worth $20,174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position in Valmont Industries by 2.1% during the third quarter. Advisors Asset Management Inc. now owns 21,936 shares of the industrial products company’s stock valued at $8,505,000 after acquiring an additional 446 shares during the last quarter. MQS Management LLC acquired a new position in shares of Valmont Industries during the third quarter worth $317,000. Azzad Asset Management Inc. ADV acquired a new position in shares of Valmont Industries during the third quarter worth $739,000. Smartleaf Asset Management LLC lifted its holdings in shares of Valmont Industries by 37.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 48 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of Valmont Industries in the 3rd quarter worth $287,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. DA Davidson upped their price objective on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Valmont Industries from $491.00 to $492.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $462.33.

Valmont Industries Trading Up 1.9%

Shares of NYSE:VMI opened at $476.19 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. Valmont Industries, Inc. has a 52-week low of $250.07 and a 52-week high of $487.58. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 41.02 and a beta of 1.22. The business has a 50-day moving average price of $434.31 and a 200-day moving average price of $405.76.

Valmont Industries Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.