Valmont Industries, Inc. $VMI Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in Valmont Industries, Inc. (NYSE:VMI) by 19.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,774 shares of the industrial products company’s stock after purchasing an additional 1,732 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Valmont Industries worth $4,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in shares of Valmont Industries by 2.7% in the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock valued at $171,740,000 after buying an additional 13,578 shares during the period. Invesco Ltd. raised its holdings in Valmont Industries by 83.5% in the second quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock valued at $127,563,000 after acquiring an additional 177,749 shares in the last quarter. Geode Capital Management LLC lifted its stake in Valmont Industries by 0.4% in the second quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company’s stock worth $115,704,000 after acquiring an additional 1,321 shares during the last quarter. Impax Asset Management Group plc grew its holdings in Valmont Industries by 0.8% during the 2nd quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock worth $102,408,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Valmont Industries by 1.2% in 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 purchasing an additional 3,379 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMI has been the subject of several recent analyst reports. DA Davidson lifted their price objective 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Finally, Stifel Nicolaus increased their price objective on Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Three 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.33.

Valmont Industries Stock Up 1.9%

VMI opened at $476.19 on Friday. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $487.58. 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 stock has a market capitalization of $9.38 billion, a P/E ratio of 41.02 and a beta of 1.22. The business’s 50-day simple moving average is $433.07 and its 200-day simple moving average is $404.68.

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.