AGF Management Ltd. Has $8.29 Million Stake in Valmont Industries, Inc. $VMI

AGF Management Ltd. increased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 53.9% during the third quarter, Holdings Channel reports. The fund owned 21,380 shares of the industrial products company’s stock after purchasing an additional 7,486 shares during the period. AGF Management Ltd.’s holdings in Valmont Industries were worth $8,290,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock worth $19,300,000 after purchasing an additional 46,825 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 valued at $16,873,000 after purchasing an additional 4,676 shares during the last quarter. Empowered Funds LLC acquired a new stake in Valmont Industries during the 1st quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Valmont Industries by 223.4% during the first 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. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Price Performance

VMI stock opened at $453.27 on Tuesday. The stock has a 50-day moving average price of $422.66 and a two-hundred day moving average price of $397.70. Valmont Industries, Inc. has a 1 year low of $250.07 and a 1 year high of $454.59. The stock has a market cap of $8.93 billion, a PE ratio of 39.04 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.

Analysts Set New Price Targets

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

Valmont Industries 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.