Teacher Retirement System of Texas Has $9.84 Million Stock Position in Valmont Industries, Inc. $VMI

Teacher Retirement System of Texas lowered its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,370 shares of the industrial products company’s stock after selling 1,678 shares during the period. Teacher Retirement System of Texas owned about 0.13% of Valmont Industries worth $9,837,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VMI. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Valmont Industries by 32.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,009 shares of the industrial products company’s stock worth $2,330,000 after purchasing an additional 1,462 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Valmont Industries by 24.9% in the third quarter. Chicago Partners Investment Group LLC now owns 1,410 shares of the industrial products company’s stock valued at $589,000 after buying an additional 281 shares during the period. Inscription Capital LLC raised its position in shares of Valmont Industries by 90.2% during the third quarter. Inscription Capital LLC now owns 2,596 shares of the industrial products company’s stock worth $1,007,000 after acquiring an additional 1,231 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of Valmont Industries by 132.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 1,743 shares of the industrial products company’s stock worth $692,000 after acquiring an additional 993 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Valmont Industries by 47.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,595 shares of the industrial products company’s stock worth $2,223,000 after acquiring an additional 1,801 shares during the period. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Down 1.5%

Valmont Industries stock opened at $439.82 on Monday. The company has a market capitalization of $8.66 billion, a PE ratio of 37.88 and a beta of 1.20. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $451.45. The firm’s fifty day moving average is $415.80 and its 200 day moving average is $392.93. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

Analysts Set New Price Targets

Several research firms have issued reports on VMI. Wall Street Zen upgraded 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 report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Finally, DA Davidson increased their price target on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.33.

Valmont Industries Company 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.