WealthPLAN Partners LLC raised its position in Valmont Industries, Inc. (NYSE:VMI) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,864 shares of the industrial products company’s stock after acquiring an additional 56 shares during the period. WealthPLAN Partners LLC’s holdings in Valmont Industries were worth $5,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake in shares of Valmont Industries by 2,841.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 353 shares of the industrial products company’s stock valued at $44,000 after buying an additional 341 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Valmont Industries in the fourth quarter valued at $64,000. CI Investments Inc. bought a new stake in shares of Valmont Industries in the fourth quarter valued at $71,000. Shufro Rose & Co. LLC bought a new stake in shares of Valmont Industries during the 4th quarter valued at $210,000. Finally, Profund Advisors LLC bought a new stake in shares of Valmont Industries during the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 85.25% of the company’s stock.
NYSE VMI traded down $3.08 during trading on Tuesday, reaching $227.33. The company’s stock had a trading volume of 377 shares, compared to its average volume of 186,109. The stock has a market capitalization of $4.83 billion, a PE ratio of 35.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.36 and a quick ratio of 1.68. The firm has a fifty day moving average of $208.22 and a 200 day moving average of $160.64. Valmont Industries, Inc. has a one year low of $82.60 and a one year high of $236.85.
Valmont Industries (NYSE:VMI) last announced its earnings results on Wednesday, February 17th. The industrial products company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.40. Valmont Industries had a return on equity of 14.25% and a net margin of 5.06%. Research analysts expect that Valmont Industries, Inc. will post 7.78 earnings per share for the current fiscal year.
VMI has been the topic of a number of analyst reports. DA Davidson boosted their price objective on Valmont Industries from $150.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday. William Blair upgraded Valmont Industries from a “market perform” rating to an “outperform” rating in a research note on Monday, November 2nd. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $160.00.
About Valmont Industries
Valmont Industries, Inc produces and sells fabricated metal products in the United States, Australia, Denmark, and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.
Further Reading: Dollar Cost Averaging
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