Retirement Systems of Alabama Lowers Holdings in Valmont Industries, Inc. (NYSE:VMI)

Retirement Systems of Alabama lowered its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 57,109 shares of the industrial products company’s stock after selling 137 shares during the period. Retirement Systems of Alabama’s holdings in Valmont Industries were worth $17,514,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in 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 during the period. Sunbelt Securities Inc. bought a new stake in Valmont Industries in the 3rd quarter worth approximately $35,000. Exchange Traded Concepts LLC purchased a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $39,000. Point72 Asset Management L.P. bought a new position in shares of Valmont Industries during the 3rd quarter valued at approximately $58,000. Finally, Signaturefd LLC grew its holdings in shares of Valmont Industries by 35.4% in the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on VMI. DA Davidson increased their price objective 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. Stifel Nicolaus boosted their target price on Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

Insider Activity

In related news, Director Daas Kaj Den sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $338.78, for a total transaction of $338,780.00. Following the sale, the director now owns 8,644 shares of the company’s stock, valued at $2,928,414.32. This trade represents a 10.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction that occurred 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 transaction, the director now directly owns 131,730 shares in the company, 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. Insiders own 1.90% of the company’s stock.

Valmont Industries Price Performance

Valmont Industries stock opened at $330.95 on Friday. Valmont Industries, Inc. has a 1 year low of $202.01 and a 1 year high of $354.13. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 22.48 and a beta of 1.05. The firm has a 50-day moving average of $324.31 and a two-hundred day moving average of $308.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55.

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.