Entropy Technologies LP Raises Stock Holdings in Valmont Industries, Inc. (NYSE:VMI)

Entropy Technologies LP lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 85.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,522 shares of the industrial products company’s stock after buying an additional 700 shares during the period. Entropy Technologies LP’s holdings in Valmont Industries were worth $467,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in VMI. State Street Corp grew its holdings in Valmont Industries by 1.1% during the third quarter. State Street Corp now owns 640,876 shares of the industrial products company’s stock worth $186,204,000 after acquiring an additional 6,913 shares during the period. Franklin Resources Inc. boosted its position in Valmont Industries by 57.6% during the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company’s stock worth $123,512,000 after purchasing an additional 148,811 shares in the last quarter. FMR LLC grew its holdings in Valmont Industries by 4.0% in the third quarter. FMR LLC now owns 349,426 shares of the industrial products company’s stock valued at $101,316,000 after purchasing an additional 13,509 shares during the period. Geode Capital Management LLC increased its position in shares of Valmont Industries by 1.5% in the third quarter. Geode Capital Management LLC now owns 335,926 shares of the industrial products company’s stock valued at $97,428,000 after buying an additional 4,940 shares in the last quarter. Finally, Copeland Capital Management LLC raised its stake in shares of Valmont Industries by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 307,338 shares of the industrial products company’s stock worth $89,113,000 after buying an additional 2,869 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Insider Activity

In related news, Director Daas Kaj Den sold 1,000 shares of the firm’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 completion of the sale, the director now directly owns 8,644 shares of the company’s stock, valued at approximately $2,928,414.32. This trade represents a 10.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mogens C. Bay sold 20,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the transaction, the director now directly owns 131,730 shares of the company’s stock, valued at approximately $45,963,231.60. This trade represents a 13.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on VMI shares. Stifel Nicolaus lifted their target price 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 upped their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, October 24th.

Valmont Industries Stock Performance

Shares of Valmont Industries stock opened at $322.35 on Thursday. The business’s 50 day moving average price is $322.51 and its 200 day moving average price is $309.74. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 21.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.55 and a current ratio of 2.35. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $354.13.

About Valmont Industries

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.