EFG Asset Management North America Corp. Purchases 6,154 Shares of Valmont Industries, Inc. $VMI

EFG Asset Management North America Corp. increased its holdings in shares of Valmont Industries, Inc. (NYSE:VMI) by 103.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,106 shares of the industrial products company’s stock after acquiring an additional 6,154 shares during the period. EFG Asset Management North America Corp.’s holdings in Valmont Industries were worth $4,697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Asset Management One Co. Ltd. lifted its position in Valmont Industries by 441.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,941 shares of the industrial products company’s stock worth $1,916,000 after buying an additional 4,028 shares in the last quarter. Ensign Peak Advisors Inc increased its position in Valmont Industries by 32.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 11,001 shares of the industrial products company’s stock valued at $3,593,000 after acquiring an additional 2,673 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Valmont Industries in the second quarter worth about $510,000. Covea Finance lifted its position in shares of Valmont Industries by 34.9% during the third quarter. Covea Finance now owns 25,100 shares of the industrial products company’s stock worth $9,732,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Valmont Industries by 3.9% during the second quarter. Nordea Investment Management AB now owns 22,035 shares of the industrial products company’s stock valued at $7,308,000 after purchasing an additional 828 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Performance

VMI stock opened at $446.33 on Tuesday. Valmont Industries, Inc. has a twelve month low of $250.07 and a twelve month high of $451.45. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The company has a market cap of $8.79 billion, a P/E ratio of 38.44 and a beta of 1.20. The business’s fifty day moving average is $416.92 and its 200-day moving average is $393.67.

Analysts Set New Price Targets

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

About Valmont Industries

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.