Stifel Nicolaus Raises Valmont Industries (NYSE:VMI) Price Target to $387.00

Valmont Industries (NYSE:VMI) had its target price lifted by Stifel Nicolaus from $382.00 to $387.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Separately, DA Davidson raised their price objective on Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Trading Up 0.0 %

Shares of VMI stock opened at $342.33 on Friday. The stock’s fifty day moving average is $327.21 and its two-hundred day moving average is $305.72. 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 firm has a market capitalization of $6.86 billion, a P/E ratio of 23.26 and a beta of 1.05. Valmont Industries has a fifty-two week low of $202.01 and a fifty-two week high of $354.13.

Insider Buying and Selling at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction 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 transaction, the director now owns 131,730 shares in the company, valued at $45,963,231.60. The trade was a 13.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $338,780.00. Following the transaction, the director now owns 8,644 shares in the company, valued at approximately $2,928,414.32. This represents a 10.37 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Valmont Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position 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 purchasing an additional 54 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth about $35,000. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries during the 3rd quarter worth about $39,000. Quarry LP increased its position in shares of Valmont Industries by 268.0% during the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 134 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries during the 3rd quarter worth about $58,000. 87.84% of the stock is owned by institutional investors and hedge funds.

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.