Valmont Industries, Inc. (NYSE:VMI) Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. raised its holdings in Valmont Industries, Inc. (NYSE:VMI) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,138 shares of the industrial products company’s stock after acquiring an additional 1,764 shares during the quarter. Hantz Financial Services Inc. owned 0.05% of Valmont Industries worth $3,109,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. State Street Corp lifted its stake in shares of Valmont Industries by 1.1% in the third quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock valued at $186,204,000 after purchasing an additional 6,913 shares during the period. Franklin Resources Inc. lifted its position in shares of Valmont Industries by 57.6% during the 3rd quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock valued at $123,512,000 after acquiring an additional 148,811 shares during the period. FMR LLC boosted its stake in shares of Valmont Industries by 4.0% during the 3rd quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock worth $101,316,000 after acquiring an additional 13,509 shares in the last quarter. Geode Capital Management LLC increased its stake in Valmont Industries by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock valued at $97,428,000 after purchasing an additional 4,940 shares in the last quarter. Finally, Copeland Capital Management LLC raised its holdings in Valmont Industries by 0.9% during the third quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock worth $89,113,000 after purchasing an additional 2,869 shares during the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 in the company, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $333.41 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. The business’s fifty day moving average price is $326.43 and its two-hundred day moving average price is $306.84. The stock has a market cap of $6.68 billion, a PE ratio of 22.65 and a beta of 1.05. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. DA Davidson upped their target price on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus increased their price objective 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.

Valmont Industries Company 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.