Royce & Associates LP Sells 33,715 Shares of Valmont Industries, Inc. (VMI)

Royce & Associates LP reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 701,115 shares of the industrial products company’s stock after selling 33,715 shares during the quarter. Valmont Industries makes up approximately 0.8% of Royce & Associates LP’s portfolio, making the stock its 9th largest position. Royce & Associates LP owned about 3.10% of Valmont Industries worth $116,280,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in shares of Valmont Industries during the fourth quarter worth approximately $343,000. BlackRock Inc. boosted its holdings in shares of Valmont Industries by 1.4% during the fourth quarter. BlackRock Inc. now owns 1,824,308 shares of the industrial products company’s stock worth $302,561,000 after purchasing an additional 25,187 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Valmont Industries by 16.5% during the fourth quarter. Schroder Investment Management Group now owns 698,881 shares of the industrial products company’s stock worth $115,909,000 after purchasing an additional 98,823 shares during the period. Arizona State Retirement System boosted its holdings in shares of Valmont Industries by 27.3% during the fourth quarter. Arizona State Retirement System now owns 16,273 shares of the industrial products company’s stock worth $2,699,000 after purchasing an additional 3,485 shares during the period. Finally, Global X Management Co. LLC boosted its holdings in shares of Valmont Industries by 75.0% during the fourth quarter. Global X Management Co. LLC now owns 1,575 shares of the industrial products company’s stock worth $261,000 after purchasing an additional 675 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

VMI has been the subject of several research reports. Boenning Scattergood restated a “buy” rating and set a $185.00 price target on shares of Valmont Industries in a report on Friday, November 10th. Zacks Investment Research cut shares of Valmont Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Stifel Nicolaus cut shares of Valmont Industries from a “buy” rating to a “hold” rating and decreased their price target for the stock from $177.00 to $174.00 in a report on Monday, December 11th. Finally, Seaport Global Securities cut shares of Valmont Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Valmont Industries presently has a consensus rating of “Hold” and a consensus price target of $179.00.

Valmont Industries, Inc. (VMI) opened at $158.80 on Friday. The firm has a market cap of $3,584.45, a P/E ratio of 23.11, a P/E/G ratio of 1.97 and a beta of 0.98. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65. Valmont Industries, Inc. has a 52-week low of $140.90 and a 52-week high of $176.35.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total transaction of $525,352.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

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Valmont Industries Profile

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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