Valmont Industries, Inc. $VMI Stock Position Lifted by AGF Management Ltd.

AGF Management Ltd. lifted its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 53.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,380 shares of the industrial products company’s stock after purchasing an additional 7,486 shares during the quarter. AGF Management Ltd. owned about 0.11% of Valmont Industries worth $8,290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMI. Asset Management One Co. Ltd. grew its holdings in shares of Valmont Industries by 441.2% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,941 shares of the industrial products company’s stock worth $1,916,000 after acquiring an additional 4,028 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in Valmont Industries by 32.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 11,001 shares of the industrial products company’s stock worth $3,593,000 after acquiring an additional 2,673 shares during the period. EFG Asset Management North America Corp. lifted its position in shares of Valmont Industries by 103.4% in the third quarter. EFG Asset Management North America Corp. now owns 12,106 shares of the industrial products company’s stock worth $4,697,000 after purchasing an additional 6,154 shares in the last quarter. Covea Finance lifted its position in Valmont Industries by 34.9% in the 3rd quarter. Covea Finance now owns 25,100 shares of the industrial products company’s stock worth $9,732,000 after buying an additional 6,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Valmont Industries in the second quarter worth $47,000. Institutional investors own 87.84% of the company’s stock.

Analysts Set New Price Targets

VMI has been the topic of a number of research reports. Stifel Nicolaus increased their price objective on Valmont Industries from $491.00 to $492.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. DA Davidson lifted their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Valmont Industries presently has a consensus rating of “Moderate Buy” and an average price target of $462.33.

Valmont Industries Stock Up 1.7%

VMI opened at $453.27 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The firm’s fifty day moving average price is $422.66 and its two-hundred day moving average price is $397.70. Valmont Industries, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $454.59. The company has a market capitalization of $8.93 billion, a P/E ratio of 39.04 and a beta of 1.20.

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.