HighTower Advisors LLC Decreases Holdings in Valmont Industries, Inc. $VMI

HighTower Advisors LLC reduced its position in Valmont Industries, Inc. (NYSE:VMI) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 161,150 shares of the industrial products company’s stock after selling 1,562 shares during the period. HighTower Advisors LLC’s holdings in Valmont Industries were worth $62,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Millennium Management LLC increased its position in Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after acquiring an additional 46,825 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Valmont Industries by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock valued at $16,873,000 after purchasing an additional 4,676 shares during the period. Empowered Funds LLC purchased a new stake in shares of Valmont Industries during the 1st quarter valued at about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Valmont Industries by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock worth $20,692,000 after purchasing an additional 2,639 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 105 shares during the period. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Performance

VMI opened at $476.19 on Tuesday. The company has a 50 day simple moving average of $434.31 and a two-hundred day simple moving average of $405.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The firm has a market cap of $9.38 billion, a P/E ratio of 41.02 and a beta of 1.22. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $487.58.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VMI shares. DA Davidson boosted their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. Finally, Stifel Nicolaus upped their price objective on Valmont Industries from $491.00 to $492.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.33.

About Valmont Industries

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.