Y Intercept Hong Kong Ltd Boosts Holdings in Valmont Industries, Inc. $VMI

Y Intercept Hong Kong Ltd raised its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 87.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,892 shares of the industrial products company’s stock after buying an additional 2,280 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Valmont Industries were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. First Horizon Corp purchased a new stake in Valmont Industries in the 3rd quarter worth $29,000. Farther Finance Advisors LLC boosted its stake in Valmont Industries by 357.1% during the third quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after buying an additional 75 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock valued at $42,000 after buying an additional 62 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 105 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Valmont Industries during the 2nd quarter worth approximately $46,000. Institutional investors own 87.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VMI. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $491.00 to $492.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Finally, DA Davidson boosted their target price on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Valmont Industries presently has an average rating of “Moderate Buy” and a consensus price target of $462.33.

Valmont Industries Trading Up 0.4%

Shares of VMI opened at $446.88 on Friday. The firm has a market capitalization of $8.80 billion, a price-to-earnings ratio of 38.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $452.10. The company has a 50-day moving average of $420.52 and a 200 day moving average of $395.17.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.