743 Shares in Valmont Industries, Inc. (NYSE:VMI) Bought by OLD National Bancorp IN

OLD National Bancorp IN acquired a new stake in Valmont Industries, Inc. (NYSE:VMI) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 743 shares of the industrial products company’s stock, valued at approximately $228,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Valmont Industries by 117.4% in the third quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 54 shares during the period. Sunbelt Securities Inc. purchased a new position in shares of Valmont Industries in the third quarter valued at about $35,000. Exchange Traded Concepts LLC purchased a new position in shares of Valmont Industries in the third quarter valued at about $39,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries in the third quarter valued at about $58,000. Finally, Signaturefd LLC increased its position 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 acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Down 0.6 %

Shares of VMI opened at $331.88 on Monday. The firm’s 50-day moving average price is $326.22 and its 200-day moving average price is $307.54. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 22.55 and a beta of 1.05. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.58. Valmont Industries, Inc. has a 1-year low of $202.01 and a 1-year high of $354.13.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Valmont Industries from $382.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, January 24th. DA Davidson lifted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, October 24th.

Insider Buying and Selling

In related news, Director Mogens C. Bay sold 20,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were 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 of the company’s stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daas Kaj Den sold 1,000 shares of the business’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 directly owns 8,644 shares in the company, valued at $2,928,414.32. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

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.