Moloney Securities Asset Management LLC Sells 1,789 Shares of Valmont Industries, Inc. (NYSE:VMI)

Moloney Securities Asset Management LLC trimmed its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,957 shares of the industrial products company's stock after selling 1,789 shares during the period. Moloney Securities Asset Management LLC's holdings in Valmont Industries were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. acquired a new position in Valmont Industries during the fourth quarter worth $526,000. Choreo LLC increased its holdings in Valmont Industries by 18.0% during the fourth quarter. Choreo LLC now owns 1,292 shares of the industrial products company's stock worth $395,000 after buying an additional 197 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in shares of Valmont Industries by 6.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 2,723 shares of the industrial products company's stock valued at $835,000 after purchasing an additional 163 shares during the last quarter. F&V Capital Management LLC increased its holdings in shares of Valmont Industries by 0.4% in the fourth quarter. F&V Capital Management LLC now owns 36,312 shares of the industrial products company's stock valued at $11,136,000 after purchasing an additional 135 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new position in shares of Valmont Industries in the fourth quarter valued at $228,000. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Daas Kaj Den sold 1,000 shares of the business's 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 of the company's stock, valued at approximately $2,928,414.32. The trade was a 10.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mogens C. Bay sold 20,000 shares of the business's stock in a transaction dated 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 completion of the sale, the director now directly owns 131,730 shares of the company's stock, valued at approximately $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.

Valmont Industries Stock Performance

Shares of Valmont Industries stock traded down $3.18 during trading on Friday, reaching $319.86. The company's stock had a trading volume of 130,643 shares, compared to its average volume of 106,658. The business's 50-day moving average price is $321.69 and its 200-day moving average price is $309.98. The firm has a market cap of $6.41 billion, a PE ratio of 21.73 and a beta of 1.05. Valmont Industries, Inc. has a 52 week low of $202.01 and a 52 week high of $354.13. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

VMI has been the topic of several research reports. 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 report on Thursday, October 24th. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $382.00 to $387.00 and gave the company a "buy" rating in a report on Friday, January 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.