Valmont Industries, Inc. (VMI) Position Increased by US Bancorp DE

US Bancorp DE boosted its stake in Valmont Industries, Inc. (NYSE:VMI) by 66.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,243 shares of the industrial products company’s stock after acquiring an additional 5,668 shares during the period. US Bancorp DE owned 0.06% of Valmont Industries worth $2,362,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Ameritas Investment Partners Inc. increased its stake in Valmont Industries by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 6,759 shares of the industrial products company’s stock valued at $1,011,000 after purchasing an additional 120 shares during the last quarter. FCA Corp TX increased its stake in Valmont Industries by 1.6% during the third quarter. FCA Corp TX now owns 23,987 shares of the industrial products company’s stock valued at $3,792,000 after purchasing an additional 376 shares during the last quarter. Creative Planning increased its stake in Valmont Industries by 4.7% during the fourth quarter. Creative Planning now owns 8,985 shares of the industrial products company’s stock valued at $1,490,000 after purchasing an additional 401 shares during the last quarter. Farr Miller & Washington LLC DC increased its stake in Valmont Industries by 0.3% during the third quarter. Farr Miller & Washington LLC DC now owns 152,161 shares of the industrial products company’s stock valued at $24,057,000 after purchasing an additional 419 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Valmont Industries by 1.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 29,872 shares of the industrial products company’s stock valued at $4,723,000 after purchasing an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Several analysts have weighed in on VMI shares. Boenning Scattergood reiterated a “buy” rating and set a $185.00 target price on shares of Valmont Industries in a research note on Thursday, October 19th. Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Tuesday, January 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $181.00 target price (up previously from $174.00) on shares of Valmont Industries in a research note on Tuesday, January 16th. Finally, Seaport Global Securities lowered shares of Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Valmont Industries presently has a consensus rating of “Hold” and an average price target of $179.00.

Valmont Industries, Inc. (NYSE:VMI) opened at $158.55 on Friday. The company has a market cap of $3,503.06, a PE ratio of 18.92, a PEG ratio of 1.92 and a beta of 0.98. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65. Valmont Industries, Inc. has a 12-month low of $140.90 and a 12-month high of $176.35.

In other news, VP Vanessa Kay Brown sold 3,059 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.74, for a total transaction of $525,352.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is currently owned by corporate insiders.

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About Valmont Industries

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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