Y Intercept Hong Kong Ltd Buys 2,280 Shares of Valmont Industries, Inc. $VMI

Y Intercept Hong Kong Ltd raised its position in shares of Valmont Industries, Inc. (NYSE:VMI) by 87.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,892 shares of the industrial products company’s stock after acquiring an additional 2,280 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Valmont Industries were worth $1,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Corp purchased a new stake in Valmont Industries in the third quarter worth $29,000. Farther Finance Advisors LLC grew its position in shares of Valmont Industries by 357.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock worth $37,000 after buying an additional 75 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Valmont Industries by 93.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 62 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 105 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in Valmont Industries during the second quarter worth about $46,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of VMI opened at $446.88 on Friday. The firm has a fifty day simple moving average of $420.52 and a two-hundred day simple moving average of $395.17. The firm has a market cap of $8.80 billion, a PE ratio of 38.49 and a beta of 1.20. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $452.10.

Wall Street Analysts Forecast Growth

VMI has been the subject of several recent research reports. Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Stifel Nicolaus raised their price target on Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, DA Davidson upped their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $462.33.

Valmont Industries Profile

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.