Rhumbline Advisers Cuts Stake in Valmont Industries, Inc. $VMI

Rhumbline Advisers lessened its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,032 shares of the industrial products company’s stock after selling 1,206 shares during the quarter. Rhumbline Advisers owned about 0.26% of Valmont Industries worth $20,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VMI. Advisors Asset Management Inc. raised its position in shares of Valmont Industries by 2.1% during the third quarter. Advisors Asset Management Inc. now owns 21,936 shares of the industrial products company’s stock valued at $8,505,000 after buying an additional 446 shares during the last quarter. MQS Management LLC bought a new position in shares of Valmont Industries during the 3rd quarter valued at about $317,000. Azzad Asset Management Inc. ADV purchased a new position in shares of Valmont Industries during the third quarter valued at about $739,000. Smartleaf Asset Management LLC increased its holdings in shares of Valmont Industries by 37.2% in the third quarter. Smartleaf Asset Management LLC now owns 177 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 48 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Valmont Industries in the third quarter worth about $287,000. 87.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VMI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. DA Davidson raised their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus upped their price target on shares of Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $462.33.

Valmont Industries Trading Up 1.9%

NYSE VMI opened at $476.19 on Tuesday. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $487.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 41.02 and a beta of 1.22. The company’s 50-day simple moving average is $434.31 and its two-hundred day simple moving average is $405.76.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.