Impax Asset Management Group plc Has $88.78 Million Stake in Valmont Industries, Inc. (NYSE:VMI)

Impax Asset Management Group plc trimmed its position in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,088 shares of the industrial products company's stock after selling 11,388 shares during the quarter. Impax Asset Management Group plc owned approximately 1.55% of Valmont Industries worth $88,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Valmont Industries by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after buying an additional 6,967 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Valmont Industries by 23.3% in the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after buying an additional 94,884 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Valmont Industries by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 425,178 shares of the industrial products company's stock worth $130,389,000 after buying an additional 9,201 shares during the period. Earnest Partners LLC boosted its holdings in shares of Valmont Industries by 4.3% in the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock worth $121,908,000 after buying an additional 16,302 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Valmont Industries by 0.4% in the fourth quarter. Segall Bryant & Hamill LLC now owns 289,922 shares of the industrial products company's stock worth $88,910,000 after buying an additional 1,289 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

Valmont Industries stock traded up $0.32 on Friday, reaching $341.58. 142,373 shares of the stock were exchanged, compared to its average volume of 138,964. The stock has a market cap of $6.86 billion, a PE ratio of 19.88 and a beta of 1.12. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.45. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $379.22. The firm has a fifty day moving average price of $319.06 and a two-hundred day moving average price of $315.55.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, beating analysts' consensus estimates of $4.24 by $0.08. The business had revenue of $969.31 million during the quarter, compared to analyst estimates of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. Sell-side analysts anticipate that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.80%. The ex-dividend date is Friday, June 27th. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Analyst Upgrades and Downgrades

Several research firms recently commented on VMI. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus lifted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st.

Valmont Industries Company Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.