SG Americas Securities LLC Buys 112 Shares of Valmont Industries, Inc. (NYSE:VMI)

SG Americas Securities LLC boosted its stake in Valmont Industries, Inc. (NYSE:VMI) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,718 shares of the industrial products company’s stock after buying an additional 112 shares during the period. SG Americas Securities LLC’s holdings in Valmont Industries were worth $834,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Foundry Partners LLC purchased a new position in shares of Valmont Industries during the 3rd quarter worth $4,158,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Valmont Industries during the 3rd quarter valued at about $466,000. Covea Finance grew its stake in Valmont Industries by 29.9% in 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 in the last quarter. De Lisle Partners LLP grew its stake in Valmont Industries by 44.6% in the 3rd quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock worth $5,454,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Valmont Industries by 12.9% in the 3rd 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 during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Up 0.4 %

Shares of NYSE VMI opened at $329.16 on Thursday. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 22.36 and a beta of 1.05. 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 business has a 50-day moving average of $326.54 and a two-hundred day moving average of $306.65. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13.

Insider Activity

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the 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 transaction, the director now owns 131,730 shares of the company’s stock, valued at $45,963,231.60. This represents a 13.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daas Kaj Den sold 1,000 shares of the 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 completion of the sale, the director now 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. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VMI. Stifel Nicolaus upped their price target on shares of Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, January 24th. 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.

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.