Valmont Industries, Inc. $VMI Stock Holdings Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in Valmont Industries, Inc. (NYSE:VMI) by 47.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,595 shares of the industrial products company’s stock after purchasing an additional 1,801 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Valmont Industries were worth $2,223,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in Valmont Industries by 20.6% in the third quarter. Sequoia Financial Advisors LLC now owns 935 shares of the industrial products company’s stock valued at $362,000 after buying an additional 160 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Valmont Industries by 20.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 973 shares of the industrial products company’s stock worth $378,000 after buying an additional 165 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Valmont Industries by 36.2% in the 3rd quarter. Ritholtz Wealth Management now owns 5,236 shares of the industrial products company’s stock worth $2,030,000 after acquiring an additional 1,393 shares in the last quarter. Kera Capital Partners Inc. increased its holdings in shares of Valmont Industries by 10.6% in the 3rd quarter. Kera Capital Partners Inc. now owns 1,045 shares of the industrial products company’s stock valued at $405,000 after acquiring an additional 100 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Valmont Industries during the 3rd quarter valued at approximately $57,000. Institutional investors own 87.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson lifted their price objective on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $491.00 to $492.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $462.33.

Valmont Industries Stock Up 0.4%

VMI stock opened at $446.88 on Friday. The stock has a market cap of $8.80 billion, a PE ratio of 38.49 and a beta of 1.20. The firm’s 50-day simple moving average is $420.52 and its 200 day simple moving average is $395.17. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $452.10. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

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.