Valmont Industries, Inc. (NYSE:VMI) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP cut its position in Valmont Industries, Inc. (NYSE:VMI) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,921 shares of the industrial products company’s stock after selling 41 shares during the quarter. L. Roy Papp & Associates LLP owned 0.07% of Valmont Industries worth $4,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VMI. GAMMA Investing LLC boosted its holdings in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 54 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries during the third quarter worth about $35,000. Exchange Traded Concepts LLC purchased a new position in shares of Valmont Industries in the third quarter valued at approximately $39,000. Point72 Asset Management L.P. acquired a new position in shares of Valmont Industries in the third quarter valued at approximately $58,000. Finally, Signaturefd LLC increased its stake in Valmont Industries by 35.4% during the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock worth $62,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

VMI has been the subject of several recent research reports. DA Davidson raised their price target on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price objective on Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, January 24th.

Insider Buying and Selling

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now directly owns 8,644 shares in the company, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction dated 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 directly owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $324.93 on Wednesday. The business has a 50-day simple moving average of $323.06 and a 200-day simple moving average of $309.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The company has a market cap of $6.51 billion, a PE ratio of 22.07 and a beta of 1.05.

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.