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.
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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