Valmont Industries, Inc. (NYSE:VMI) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP lessened its stake in Valmont Industries, Inc. (NYSE:VMI) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,921 shares of the industrial products company’s stock after selling 41 shares during the period. L. Roy Papp & Associates LLP’s holdings in Valmont Industries were worth $4,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp acquired a new stake in shares of Valmont Industries in the 2nd quarter valued at about $246,000. GAMMA Investing LLC lifted its stake in Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after buying an additional 54 shares during the last quarter. Inspire Investing LLC lifted its stake in Valmont Industries by 9.7% in the third quarter. Inspire Investing LLC now owns 1,450 shares of the industrial products company’s stock valued at $420,000 after buying an additional 128 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries in the third quarter valued at approximately $39,000. Finally, CX Institutional grew its position in shares of Valmont Industries by 7.7% during the third quarter. CX Institutional now owns 3,846 shares of the industrial products company’s stock worth $1,115,000 after acquiring an additional 276 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

VMI has been the subject of several research reports. Stifel Nicolaus upped their price target on shares of Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, January 24th. DA Davidson upped their target price on shares of 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 Down 1.0 %

Shares of VMI stock opened at $324.93 on Wednesday. The company has a market capitalization of $6.51 billion, a P/E ratio of 22.07 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. The business’s 50 day moving average is $323.06 and its two-hundred day moving average is $309.65. Valmont Industries, Inc. has a twelve month low of $202.01 and a twelve month high of $354.13.

Insider Buying and Selling

In other news, Director Mogens C. Bay sold 20,000 shares of the 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 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 filing with the SEC, which is accessible through this hyperlink. Also, 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 directly owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This represents a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Valmont Industries 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.