Avior Wealth Management LLC Purchases 56 Shares of Valmont Industries, Inc. (NYSE:VMI)

Avior Wealth Management LLC increased its position in Valmont Industries, Inc. (NYSE:VMI) by 35.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 212 shares of the industrial products company’s stock after purchasing an additional 56 shares during the period. Avior Wealth Management LLC’s holdings in Valmont Industries were worth $65,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VMI. GAMMA Investing LLC lifted its holdings 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 worth $29,000 after purchasing an additional 54 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Valmont Industries in the 3rd quarter worth $35,000. Exchange Traded Concepts LLC bought a new position in shares of Valmont Industries in the 3rd quarter worth $39,000. Quarry LP lifted its holdings in shares of Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 134 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Valmont Industries in the 3rd quarter worth $58,000. 87.84% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Mogens C. Bay sold 20,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This trade represents a 13.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $338.78, for a total value of $338,780.00. Following the sale, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $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. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stifel Nicolaus increased their price target on Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, January 24th. DA Davidson increased their price target on 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 0.4 %

NYSE VMI opened at $329.16 on Thursday. The firm has a market capitalization of $6.59 billion, a P/E ratio of 22.36 and a beta of 1.05. The business has a fifty day simple moving average of $326.54 and a 200 day simple moving average of $306.65. Valmont Industries, Inc. has a 12 month low of $202.01 and a 12 month high of $354.13. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58.

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.