Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,723 shares of the industrial products company’s stock after purchasing an additional 163 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Valmont Industries were worth $835,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of VMI. GAMMA Investing LLC increased its position in shares of Valmont Industries by 117.4% during the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Valmont Industries in the 3rd quarter valued at $35,000. Exchange Traded Concepts LLC acquired a new stake in Valmont Industries during the 3rd quarter worth $39,000. Point72 Asset Management L.P. acquired a new position in Valmont Industries in the 3rd quarter valued at about $58,000. Finally, Signaturefd LLC raised 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 valued at $62,000 after acquiring an additional 56 shares during the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on VMI. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, January 24th. DA Davidson increased their price target 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.

Insiders Place Their Bets

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total transaction of $338,780.00. Following the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This represents a 10.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the firm’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 completion of the transaction, the director now owns 131,730 shares in the company, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Valmont Industries Stock Performance

Shares of VMI stock opened at $324.51 on Tuesday. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $354.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a market capitalization of $6.50 billion, a P/E ratio of 22.05 and a beta of 1.05. The company’s fifty day moving average price is $325.70 and its two-hundred day moving average price is $307.83.

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.