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

Valmont Industries (NYSE:VMI) had its price objective raised by Stifel Nicolaus from $382.00 to $387.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 13.05% from the stock’s current price.

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

Valmont Industries Trading Up 0.0 %

VMI opened at $342.33 on Friday. Valmont Industries has a 12 month low of $202.01 and a 12 month high of $354.13. The business has a fifty day moving average price of $327.21 and a 200 day moving average price of $305.42. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 23.26 and a beta of 1.05.

Insider Transactions at Valmont Industries

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $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 bought a new position in shares of Valmont Industries in the third quarter valued at approximately $39,000. Quarry LP grew its position in 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 acquiring an additional 134 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Valmont Industries in the third quarter worth $58,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

About Valmont Industries

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.