Choreo LLC Buys 197 Shares of Valmont Industries, Inc. (NYSE:VMI)

Choreo LLC boosted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 18.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,292 shares of the industrial products company’s stock after purchasing an additional 197 shares during the quarter. Choreo LLC’s holdings in Valmont Industries were worth $395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMI. Foundry Partners LLC acquired a new stake in Valmont Industries during the third quarter worth $4,158,000. Covea Finance lifted its holdings in shares of Valmont Industries by 29.9% during the 4th quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock worth $4,661,000 after acquiring an additional 3,500 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Valmont Industries during the 3rd quarter valued at about $466,000. De Lisle Partners LLP increased its stake in Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after acquiring an additional 5,800 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in Valmont Industries by 12.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock worth $60,497,000 after purchasing an additional 23,765 shares in the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

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

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $322.35 on Thursday. Valmont Industries, Inc. has a 12-month low of $202.01 and a 12-month high of $354.13. The company’s 50 day moving average price is $322.51 and its two-hundred day moving average price is $309.74. The firm has a market cap of $6.46 billion, a PE ratio of 21.90 and a beta of 1.05. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58.

Insider Activity

In other Valmont Industries news, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the completion of the sale, the director now owns 8,644 shares in the company, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This represents a 13.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.