Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. boosted its position in Valmont Industries, Inc. (NYSE:VMI) by 17.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,193 shares of the industrial products company’s stock after acquiring an additional 8,330 shares during the quarter. Congress Asset Management Co.’s holdings in Valmont Industries were worth $17,233,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VMI. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at about $35,000. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at about $39,000. Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at about $58,000. Avior Wealth Management LLC raised its stake in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Valmont Industries by 35.4% in the 3rd quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were 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 of the company’s stock, valued at $45,963,231.60. This represents a 13.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $319.86 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The firm has a 50-day simple moving average of $321.69 and a 200 day simple moving average of $310.13. The company has a market cap of $6.41 billion, a PE ratio of 21.73 and a beta of 1.05.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VMI shares. Stifel Nicolaus upped their target price on shares of Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, January 24th. DA Davidson upped their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note 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.