Valmont Industries, Inc. (NYSE:VMI) Stake Reduced by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. trimmed its holdings in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,730 shares of the industrial products company's stock after selling 30,915 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.89% of Valmont Industries worth $54,504,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VMI. GAMMA Investing LLC raised its stake in Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company's stock worth $29,000 after acquiring an additional 54 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of Valmont Industries in the 3rd quarter worth about $35,000. Exchange Traded Concepts LLC bought a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $39,000. Point72 Asset Management L.P. purchased a new position in Valmont Industries during the third quarter worth $58,000. Finally, Avior Wealth Management LLC grew its holdings in Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of the company'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 owns 131,730 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, Director Daas Kaj Den sold 1,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 8,644 shares in the company, 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.

Valmont Industries Price Performance

Shares of Valmont Industries stock traded down $2.92 on Wednesday, reaching $322.35. The company's stock had a trading volume of 98,562 shares, compared to its average volume of 106,309. The stock has a 50-day moving average price of $322.51 and a 200-day moving average price of $309.74. Valmont Industries, Inc. has a 52-week low of $202.01 and a 52-week high of $354.13. The company has a market capitalization of $6.46 billion, a P/E 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.

Analyst Ratings Changes

VMI has been the subject of a number of research reports. Stifel Nicolaus boosted 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. DA Davidson increased their target price on shares of 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 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.