Valmont Industries, Inc. (NYSE:VMI) Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC reduced its stake in Valmont Industries, Inc. (NYSE:VMI) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,392 shares of the industrial products company’s stock after selling 140 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Valmont Industries were worth $734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Valmont Industries by 117.4% in the 3rd 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. Sunbelt Securities Inc. acquired a new position in Valmont Industries in the third quarter valued at $35,000. Exchange Traded Concepts LLC purchased a new position in shares of Valmont Industries during the third quarter worth about $39,000. Point72 Asset Management L.P. acquired a new stake in shares of Valmont Industries during the third quarter worth about $58,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Valmont Industries by 35.9% in the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $322.35 on Thursday. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 21.90 and a beta of 1.05. The company has a 50-day simple moving average of $322.51 and a 200-day simple moving average of $309.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35.

Insider Activity at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction dated 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 owns 131,730 shares of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the transaction, 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. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.