Allianz Asset Management GmbH Has $110.02 Million Position in Valmont Industries, Inc. $VMI

Allianz Asset Management GmbH grew its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 283,740 shares of the industrial products company’s stock after purchasing an additional 3,379 shares during the period. Allianz Asset Management GmbH owned approximately 1.44% of Valmont Industries worth $110,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in VMI. First Horizon Corp acquired a new position in Valmont Industries during the 3rd quarter worth approximately $29,000. Farther Finance Advisors LLC increased its holdings in shares of Valmont Industries by 357.1% during the third quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 75 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Valmont Industries by 93.9% during the second quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 62 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 105 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Valmont Industries in the 2nd quarter worth $46,000. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Trading Up 0.7%

NYSE:VMI opened at $456.93 on Wednesday. The company has a market cap of $9.00 billion, a P/E ratio of 39.36 and a beta of 1.22. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $463.19. 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 stock’s fifty day moving average price is $423.65 and its two-hundred day moving average price is $398.55.

Analysts Set New Price Targets

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

Valmont Industries Company Profile

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.