Valmont Industries, Inc. $VMI Stake Lessened by Impax Asset Management Group plc

Impax Asset Management Group plc lessened its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 299,491 shares of the industrial products company’s stock after selling 14,097 shares during the quarter. Impax Asset Management Group plc owned about 1.52% of Valmont Industries worth $116,122,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings 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. grew 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 during the first quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Valmont Industries by 3.8% during the first 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 purchasing an additional 2,639 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position 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 valued at $43,000 after purchasing an additional 105 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. DA Davidson lifted their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Stifel Nicolaus upped 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. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $462.33.

Valmont Industries Stock Down 0.1%

VMI stock opened at $474.16 on Wednesday. The company has a 50 day moving average of $429.51 and a two-hundred day moving average of $402.60. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 40.84 and a beta of 1.22. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $479.53. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

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.