Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $420,000 Position in Valmont Industries, Inc. (NYSE:VMI)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Valmont Industries, Inc. (NYSE:VMIFree Report) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,748 shares of the industrial products company’s stock after acquiring an additional 90 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Valmont Industries were worth $420,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Fred Alger Management LLC raised its position in Valmont Industries by 103.2% in the 4th quarter. Fred Alger Management LLC now owns 128 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 65 shares during the last quarter. First Horizon Advisors Inc. raised its position in Valmont Industries by 360.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 138 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 108 shares during the last quarter. Covestor Ltd raised its position in Valmont Industries by 347.4% in the 1st quarter. Covestor Ltd now owns 170 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 132 shares during the last quarter. Point72 Middle East FZE bought a new position in Valmont Industries in the 4th quarter worth approximately $58,000. Finally, Point72 Asset Management L.P. bought a new position in Valmont Industries in the 2nd quarter worth approximately $81,000. Institutional investors own 84.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on VMI shares. Northcoast Research cut shares of Valmont Industries from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. DA Davidson raised shares of Valmont Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $230.00 to $290.00 in a report on Wednesday, January 10th. TheStreet lowered shares of Valmont Industries from a “b” rating to a “c” rating in a report on Wednesday, October 25th. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $264.00 to $266.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, StockNews.com raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Check Out Our Latest Report on VMI

Valmont Industries Price Performance

Shares of VMI stock opened at $229.48 on Wednesday. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month high of $335.60. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.05. The company has a quick ratio of 1.54, a current ratio of 2.49 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $227.59 and a 200-day moving average of $232.29.

Valmont Industries Profile

(Free Report)

Valmont Industries, Inc produces and sells metal products in the United States, Australia, Brazil, Denmark, and internationally. The company operates through two segments: Infrastructure and Agriculture. It manufactures and distributes steel, pre-stressed concrete, composite, and hybrid structures for lighting, transportation, and telecommunications equipment, as well as electrical transmission, distribution, substations, and renewable energy generation equipment; and provides coatings services to preserve metal products.

See Also

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Institutional Ownership by Quarter for Valmont Industries (NYSE:VMI)

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