Valmont Industries (VMI) Stock Rating Reaffirmed by Stifel Nicolaus

Valmont Industries (NYSE:VMI)‘s stock had its “hold” rating reaffirmed by analysts at Stifel Nicolaus in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $181.00 price objective on the industrial products company’s stock, up from their prior price objective of $174.00. Stifel Nicolaus’ price target indicates a potential upside of 6.13% from the stock’s current price.

A number of other brokerages have also weighed in on VMI. Zacks Investment Research upgraded shares of Valmont Industries from a “sell” rating to a “hold” rating in a research report on Saturday. Boenning Scattergood restated a “buy” rating and set a $185.00 target price on shares of Valmont Industries in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $176.00.

Shares of Valmont Industries (NYSE VMI) traded up $1.45 during trading hours on Tuesday, hitting $170.55. 60,400 shares of the company were exchanged, compared to its average volume of 115,933. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65. Valmont Industries has a 12-month low of $138.30 and a 12-month high of $176.35. The company has a market capitalization of $3,855.74, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The company had revenue of $680.78 million for the quarter, compared to the consensus estimate of $652.65 million. During the same quarter in the prior year, the company posted $1.48 EPS. Valmont Industries’s revenue was up 11.6% compared to the same quarter last year. equities research analysts anticipate that Valmont Industries will post 6.98 EPS for the current year.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total transaction of $525,352.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. New England Research & Management Inc. purchased a new stake in Valmont Industries during the fourth quarter valued at $510,000. Public Employees Retirement System of Ohio raised its stake in Valmont Industries by 93.5% during the third quarter. Public Employees Retirement System of Ohio now owns 18,613 shares of the industrial products company’s stock valued at $2,943,000 after purchasing an additional 8,993 shares in the last quarter. Gofen & Glossberg LLC IL purchased a new stake in Valmont Industries during the third quarter valued at $209,000. California Public Employees Retirement System raised its stake in Valmont Industries by 5.2% during the third quarter. California Public Employees Retirement System now owns 59,730 shares of the industrial products company’s stock valued at $9,443,000 after purchasing an additional 2,930 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Valmont Industries by 670.1% during the third quarter. Janus Henderson Group PLC now owns 247,560 shares of the industrial products company’s stock valued at $39,139,000 after purchasing an additional 215,412 shares in the last quarter. 85.27% of the stock is currently owned by institutional investors.

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About Valmont Industries

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

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