Yousif Capital Management LLC Sells 337 Shares of Valmont Industries, Inc. (NYSE:VMI)

Yousif Capital Management LLC cut its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,106 shares of the industrial products company’s stock after selling 337 shares during the period. Yousif Capital Management LLC’s holdings in Valmont Industries were worth $2,179,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VMI. GAMMA Investing LLC lifted its holdings in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 54 shares during the period. Sunbelt Securities Inc. bought a new position in Valmont Industries during the third quarter worth about $35,000. Exchange Traded Concepts LLC bought a new position in Valmont Industries during the third quarter worth about $39,000. Point72 Asset Management L.P. acquired a new stake in Valmont Industries during the third quarter valued at approximately $58,000. Finally, Signaturefd LLC grew 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 during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VMI has been the subject of several analyst reports. DA Davidson raised their target price on Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a report on Friday, January 24th.

Insider Activity at Valmont Industries

In related news, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction 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. This trade represents a 13.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Valmont Industries Stock Performance

NYSE VMI opened at $328.56 on Tuesday. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 22.32 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13. The company has a 50 day moving average of $323.50 and a 200-day moving average of $309.50.

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.