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

Illinois Municipal Retirement Fund grew its holdings in Valmont Industries, Inc. (NYSE:VMI) by 19.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,774 shares of the industrial products company’s stock after buying an additional 1,732 shares during the period. Illinois Municipal Retirement Fund’s holdings in Valmont Industries were worth $4,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VMI. Millennium Management LLC raised its stake in Valmont Industries by 225.1% during the 1st quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock valued at $19,300,000 after acquiring an additional 46,825 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Valmont Industries by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock worth $16,873,000 after purchasing an additional 4,676 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Valmont Industries during the first quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 buying an additional 2,639 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock valued at $43,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

VMI stock opened at $476.19 on Friday. The firm has a 50 day moving average of $433.07 and a 200-day moving average of $404.68. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 41.02 and a beta of 1.22. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. Valmont Industries, Inc. has a 12-month low of $250.07 and a 12-month high of $487.58.

Analyst Upgrades and Downgrades

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

Valmont Industries Company 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.