Impax Asset Management Group plc Has $116.12 Million Stock Position in Valmont Industries, Inc. $VMI

Impax Asset Management Group plc lessened its holdings in Valmont Industries, Inc. (NYSE:VMI) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,491 shares of the industrial products company’s stock after selling 14,097 shares during the period. Impax Asset Management Group plc’s holdings in Valmont Industries were worth $116,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VMI. Jackson Creek Investment Advisors LLC bought a new position in Valmont Industries in the third quarter worth $1,658,000. Azzad Asset Management Inc. ADV bought a new stake in Valmont Industries in the 3rd quarter valued at $739,000. Asset Management One Co. Ltd. raised its stake 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 valued at $1,916,000 after buying an additional 4,028 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of Valmont Industries during the 3rd quarter worth about $5,663,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Valmont Industries by 1.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 283,740 shares of the industrial products company’s stock valued at $110,015,000 after acquiring an additional 3,379 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Valmont Industries Price Performance

Valmont Industries stock opened at $474.16 on Wednesday. The business’s fifty day moving average is $429.51 and its two-hundred day moving average is $402.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The firm has a market cap of $9.34 billion, a P/E ratio of 40.84 and a beta of 1.22. Valmont Industries, Inc. has a 52 week low of $250.07 and a 52 week high of $479.53.

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.