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

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Valmont Industries by 225.1% in the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after buying an additional 46,825 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Valmont Industries by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock worth $16,873,000 after acquiring an additional 4,676 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Valmont Industries in the 1st quarter worth about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Valmont Industries by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock valued at $20,692,000 after acquiring an additional 2,639 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Valmont Industries by 223.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on VMI shares. DA Davidson increased their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Stifel Nicolaus raised their price objective on Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Valmont Industries has an average rating of “Moderate Buy” and an average target price of $462.33.

Valmont Industries Stock Down 1.5%

VMI stock opened at $439.82 on Monday. The stock has a market cap of $8.66 billion, a P/E ratio of 37.88 and a beta of 1.20. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $415.80 and its two-hundred day simple moving average is $392.93. Valmont Industries, Inc. has a 1-year low of $250.07 and a 1-year high of $451.45.

About Valmont Industries

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.