Avidian Wealth Enterprises LLC Lowers Holdings in Valmont Industries, Inc. (NYSE:VMI)

Avidian Wealth Enterprises LLC lowered its holdings in Valmont Industries, Inc. (NYSE:VMI) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,392 shares of the industrial products company’s stock after selling 140 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Valmont Industries were worth $734,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Truist Financial Corp purchased a new stake in Valmont Industries in the 2nd quarter valued at about $246,000. 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 valued at $29,000 after acquiring an additional 54 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Valmont Industries by 9.7% in the 3rd quarter. Inspire Investing LLC now owns 1,450 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 128 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Valmont Industries during the 3rd quarter worth approximately $39,000. Finally, CX Institutional increased its holdings in Valmont Industries by 7.7% in the 3rd quarter. CX Institutional now owns 3,846 shares of the industrial products company’s stock valued at $1,115,000 after purchasing an additional 276 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Insider Activity

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the 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 sale, the director now directly owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This represents a 13.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction 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 directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Valmont Industries Price Performance

Valmont Industries stock opened at $322.35 on Thursday. The company’s 50 day moving average is $322.51 and its two-hundred day moving average is $309.74. The firm has a market cap of $6.46 billion, a PE ratio of 21.90 and a beta of 1.05. 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 52-week low of $202.01 and a 52-week high of $354.13.

Analysts Set New Price Targets

A number of research firms have commented on VMI. DA Davidson upped their price target on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a report on Friday, January 24th.

About Valmont Industries

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.