Pacer Advisors Inc. Buys 47 Shares of Valmont Industries, Inc. (NYSE:VMI)

Pacer Advisors Inc. grew its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,989 shares of the industrial products company’s stock after purchasing an additional 47 shares during the quarter. Pacer Advisors Inc.’s holdings in Valmont Industries were worth $917,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. First Horizon Advisors Inc. increased its holdings in shares of Valmont Industries by 12.5% in the third quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock worth $81,000 after buying an additional 31 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Valmont Industries by 1.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock worth $674,000 after acquiring an additional 35 shares during the last quarter. Huntington National Bank increased its stake in Valmont Industries by 16.5% in the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 35 shares during the period. UMB Bank n.a. lifted its position in Valmont Industries by 3.1% in the third quarter. UMB Bank n.a. now owns 1,303 shares of the industrial products company’s stock valued at $378,000 after purchasing an additional 39 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Valmont Industries by 0.5% during the second quarter. Creative Planning now owns 8,922 shares of the industrial products company’s stock valued at $2,449,000 after purchasing an additional 45 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Price Performance

Shares of VMI stock opened at $324.51 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a fifty-two week low of $202.01 and a fifty-two week high of $354.13. The firm has a market cap of $6.50 billion, a P/E ratio of 22.05 and a beta of 1.05. The business’s 50 day moving average price is $325.70 and its 200-day moving average price is $307.83.

Insider Activity at Valmont Industries

In related news, Director Daas Kaj Den sold 1,000 shares of Valmont Industries stock in a transaction dated Monday, November 18th. The shares were 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 directly owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VMI has been the topic of several analyst reports. DA Davidson lifted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their price objective 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.

Valmont Industries Company 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.