Quantinno Capital Management LP grew its position in shares of Valmont Industries, Inc. (NYSE:VMI – Free Report) by 5.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,211 shares of the industrial products company’s stock after purchasing an additional 66 shares during the quarter. Quantinno Capital Management LP’s holdings in Valmont Industries were worth $387,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Valmont Industries by 4.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 4,490 shares of the industrial products company’s stock valued at $1,071,000 after buying an additional 200 shares in the last quarter. Group One Trading L.P. acquired a new position in shares of Valmont Industries during the 1st quarter worth about $358,000. Citigroup Inc. increased its stake in Valmont Industries by 3.8% during the first quarter. Citigroup Inc. now owns 7,879 shares of the industrial products company’s stock valued at $1,879,000 after acquiring an additional 291 shares during the period. Bank of Montreal Can increased its stake in Valmont Industries by 15.1% during the first quarter. Bank of Montreal Can now owns 23,175 shares of the industrial products company’s stock valued at $5,635,000 after acquiring an additional 3,032 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Valmont Industries by 33.4% during the first quarter. MetLife Investment Management LLC now owns 13,719 shares of the industrial products company’s stock valued at $3,273,000 after acquiring an additional 3,433 shares during the period. 85.39% of the stock is owned by institutional investors.
Analyst Ratings Changes
VMI has been the subject of a number of recent research reports. Stifel Nicolaus dropped their target price on Valmont Industries from $389.00 to $352.00 and set a “buy” rating for the company in a report on Monday, April 17th. StockNews.com started coverage on Valmont Industries in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Finally, DA Davidson lowered their target price on Valmont Industries from $310.00 to $290.00 and set a “neutral” rating for the company in a research note on Monday.
Valmont Industries Stock Performance
About Valmont Industries
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.
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