Impax Asset Management Group plc Increases Stock Position in Valmont Industries, Inc. (NYSE:VMI)

Impax Asset Management Group plc raised its position in shares of Valmont Industries, Inc. (NYSE:VMI - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 802,356 shares of the industrial products company's stock after buying an additional 5,109 shares during the period. Impax Asset Management Group plc owned about 3.84% of Valmont Industries worth $187,358,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in Valmont Industries in the 4th quarter worth $22,332,000. Cubic Asset Management LLC bought a new position in Valmont Industries in the 4th quarter worth $202,000. DekaBank Deutsche Girozentrale raised its holdings in Valmont Industries by 8.7% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 31,350 shares of the industrial products company's stock worth $7,342,000 after purchasing an additional 2,500 shares in the last quarter. Boston Trust Walden Corp raised its holdings in Valmont Industries by 1.1% in the 4th quarter. Boston Trust Walden Corp now owns 126,001 shares of the industrial products company's stock worth $29,422,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Trust Point Inc. bought a new position in Valmont Industries in the 4th quarter worth $200,000. Hedge funds and other institutional investors own 87.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on VMI shares. Stifel Nicolaus restated a "buy" rating and issued a $249.00 price objective on shares of Valmont Industries in a report on Monday, March 25th. DA Davidson decreased their price objective on shares of Valmont Industries from $290.00 to $275.00 and set a "buy" rating for the company in a report on Tuesday, February 27th. Finally, StockNews.com upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research note on Saturday, March 23rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Valmont Industries has an average rating of "Moderate Buy" and an average target price of $262.00.

Valmont Industries Stock Performance

Shares of VMI traded down $1.36 on Tuesday, reaching $224.20. The company's stock had a trading volume of 218,351 shares, compared to its average volume of 163,955. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.47 and a quick ratio of 1.56. The stock has a market capitalization of $4.53 billion, a P/E ratio of 33.47 and a beta of 1.03. The stock's 50 day simple moving average is $221.68 and its two-hundred day simple moving average is $222.84. Valmont Industries, Inc. has a 12-month low of $188.63 and a 12-month high of $315.88.

Valmont Industries (NYSE:VMI - Get Free Report) last released its earnings results on Wednesday, February 21st. The industrial products company reported $3.18 EPS for the quarter, topping analysts' consensus estimates of $3.08 by $0.10. The company had revenue of $1,000.00 million for the quarter, compared to analysts' expectations of $1.04 billion. Valmont Industries had a net margin of 3.44% and a return on equity of 20.69%. The firm's revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.46 EPS. Research analysts forecast that Valmont Industries, Inc. will post 14.75 earnings per share for the current fiscal year.

Valmont Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.07%. The ex-dividend date is Wednesday, March 27th. Valmont Industries's payout ratio is 35.61%.

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.

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