Skip to Content

Rye Brook Capital LLC invests $1.07 million in Valmont Industries, Inc. (NYSE:VMI)

Rye Brook Capital LLC invests $1.07 million in Valmont Industries, Inc. (NYSE:VMI)

Rye Brook Capital LLC established a new position in the company during the third quarter by purchasing additional shares of Valmont Industries, Inc., as stated in the most recent filing that Valmont Industries, Inc. made with the Securities and Exchange Commission (NYSE: VMI). The investment fund shelled out close to one million seven hundred and forty dollars to purchase four thousand shares of stock in the industrial products company. Valmont Industries is the 17th largest holding of Rye Brook Capital LLC, responsible for approximately 0.8% of the total value of the company’s portfolio.

Recent months have seen several significant investors make modifications to the breadth of their VMI holdings. During the second quarter, Artemis Investment Management LLP achieved a 39.0% increase in the proportion of Valmont Industries stock it owned. Following the acquisition of 93,189 additional shares during the most recent quarter, Artemis Investment Management LLP now holds a total of 331,955 shares of the industrial products company’s stock, which has a value of $74,681,000. These shares were acquired over the most recent fiscal quarter. During the second quarter, JPMorgan Chase & Co. increased the amount of Valmont Industries stock owned by 32.9%, bringing its total ownership percentage to 100%. JPMorgan Chase & Co. now owns a total of 325,976 shares of the industrial products company’s stock, which are currently valued at $73,240,000. This results from the company purchasing an additional 80,737 shares during the period in question. Loomis Sayles & Co. L.P. made a new investment in Valmont Industries during the second quarter by purchasing existing shares for approximately $14,964,000. The company was the one to make this acquisition. ABN plc made a further financial commitment to Valmont Industries for approximately $13,090,000 during the year’s second quarter.

Last but not least, during the second quarter, Leeward Investments LLC MA increased its holdings by purchasing a new stake in Valmont Industries for approximately $12,205,000. This was not the only investment the company made. Institutional investors own the vast majority of the company’s shares, accounting for 87.84% of the total.

Recently, several equity analysts have produced research on the company that they have compiled and analyzed on their own accord. On November 23, StockNews.com raised their recommendation for Valmont Industries from “hold” to “buy,” which was an upgrade from their previous rating of “hold.” Valmont Industries was moved from a “hold” rating to a “buy” rating by Stifel Nicolaus in a research report released on Tuesday, October 11. Additionally, Stifel Nicolaus simultaneously raised their price target on the stock from $277.00 to $315.00. DA Davidson increased their target price on Valmont Industries to $310.00 in a research report published on Tuesday, November 1. The agenda was complete, and this was the final and most important item. There have been four people who are experts in equity research who have suggested buying the stock. They are all interested in investing. The current consensus price objective for Valmont Industries is $305.50, and the average recommendation for the company is “Buy.” Bloomberg provided this information. “Buy” is the average recommendation for the company.

During the lunchtime session on Wednesday, the price of a share of Valmont Industries’ shares increased by $3.56, bringing the total to $337.52. Only 4,698 shares were traded this time, a significantly lower volume than the 99,415 shares typically exchanged. Valmont Industries, Inc. hit a low point over the past 52 weeks of $203.30, while the company reached a high point over the past 52 weeks of $353.36. The ratio of the current ratio to the quick ratio is 1.27, while the ratio of the current ratio to the quick ratio is 2.13. The ratio of debt to equity is 0.59. The share price is $7.20 billion, the P.E. ratio is 30.30, and the PEG ratio is 1.84. The stock’s beta value is 1.08, and its market capitalization is $7.20 billion. Moving averages for the past 50 days come in at $330.37 for the company while moving averages for the past 200 days come in at $294.24.

On October 26, the most recent earnings report for Valmont Industries was made public. The company’s stock is traded on the Ne.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *