Impax Asset Management Group plc Has $98.89 Million Stake in Valmont Industries, Inc. (NYSE:VMI)

Impax Asset Management Group plc reduced its stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) by 30.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,476 shares of the industrial products company's stock after selling 139,237 shares during the quarter. Impax Asset Management Group plc owned 1.61% of Valmont Industries worth $98,894,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of Valmont Industries by 57.6% in the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock valued at $123,512,000 after purchasing an additional 148,811 shares in the last quarter. Wellington Management Group LLP raised its position in Valmont Industries by 16.3% in the 3rd quarter. Wellington Management Group LLP now owns 247,714 shares of the industrial products company's stock valued at $71,825,000 after buying an additional 34,772 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Valmont Industries in the 4th quarter valued at approximately $8,275,000. Segall Bryant & Hamill LLC boosted its position in Valmont Industries by 9.6% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 288,633 shares of the industrial products company's stock worth $83,689,000 after acquiring an additional 25,237 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Valmont Industries by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,901 shares of the industrial products company's stock worth $84,927,000 after acquiring an additional 24,224 shares in the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

Valmont Industries Stock Down 1.3 %

Shares of Valmont Industries stock traded down $4.53 on Thursday, reaching $343.42. 162,947 shares of the company were exchanged, compared to its average volume of 124,017. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 19.99 and a beta of 1.05. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. Valmont Industries, Inc. has a one year low of $202.01 and a one year high of $379.22. The company has a 50-day moving average of $326.24 and a 200 day moving average of $314.04.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $3.18 earnings per share. On average, equities research analysts forecast that Valmont Industries, Inc. will post 18.07 earnings per share for the current year.

Valmont Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $2.72 dividend on an annualized basis and a yield of 0.79%. This is a boost from Valmont Industries's previous quarterly dividend of $0.60. Valmont Industries's dividend payout ratio (DPR) is presently 15.83%.

Analyst Upgrades and Downgrades

VMI has been the topic of a number of research reports. DA Davidson lowered shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price objective on the stock. in a research report on Wednesday, February 19th. StockNews.com cut shares of Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus raised their price objective on Valmont Industries from $387.00 to $425.00 and gave the company a "buy" rating in a report on Wednesday, February 19th.

Insiders Place Their Bets

In other Valmont Industries news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the transaction, the director now directly owns 131,730 shares of the company's stock, valued at $45,963,231.60. The trade was a 13.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company's stock.

About Valmont Industries

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.