Cornerstone Planning Group LLC Makes New Investment in Valmont Industries, Inc. $VMI

Cornerstone Planning Group LLC bought a new stake in shares of Valmont Industries, Inc. (NYSE:VMI) during the third quarter, Holdings Channel reports. The fund bought 14,606 shares of the industrial products company’s stock, valued at approximately $5,663,000. Valmont Industries accounts for 0.7% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 22nd largest holding.

Other hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its stake in Valmont Industries by 441.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,941 shares of the industrial products company’s stock worth $1,916,000 after buying an additional 4,028 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in Valmont Industries by 32.1% in the second quarter. Ensign Peak Advisors Inc now owns 11,001 shares of the industrial products company’s stock worth $3,593,000 after acquiring an additional 2,673 shares in the last quarter. EFG Asset Management North America Corp. grew its stake in shares of Valmont Industries by 103.4% during the third quarter. EFG Asset Management North America Corp. now owns 12,106 shares of the industrial products company’s stock worth $4,697,000 after acquiring an additional 6,154 shares during the last quarter. Covea Finance increased its holdings in shares of Valmont Industries by 34.9% during the third quarter. Covea Finance now owns 25,100 shares of the industrial products company’s stock valued at $9,732,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Valmont Industries in the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 1.7%

NYSE VMI opened at $453.27 on Tuesday. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $454.59. 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 company has a market capitalization of $8.93 billion, a PE ratio of 39.04 and a beta of 1.20. The company has a fifty day moving average of $422.66 and a 200 day moving average of $397.70.

Analysts Set New Price Targets

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