Valmont Industries (NYSE:VMI) Stock Rating Lowered by ValuEngine

Valmont Industries (NYSE:VMI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, ValuEngine reports.

Several other equities analysts have also weighed in on VMI. DA Davidson reduced their price objective on Valmont Industries to $155.00 in a report on Monday, October 7th. Stifel Nicolaus set a $152.00 target price on Valmont Industries and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, TheStreet upgraded Valmont Industries from a “c+” rating to a “b” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $150.33.

VMI opened at $142.45 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.62 and a debt-to-equity ratio of 0.68. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.68 and a beta of 1.43. Valmont Industries has a twelve month low of $103.01 and a twelve month high of $147.38. The company’s 50-day moving average price is $140.68 and its two-hundred day moving average price is $132.48.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.30 by ($0.45). Valmont Industries had a return on equity of 15.28% and a net margin of 4.88%. The company had revenue of $690.34 million for the quarter, compared to analysts’ expectations of $744.84 million. During the same quarter in the previous year, the business earned $1.82 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Valmont Industries will post 7.91 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of VMI. Point72 Asset Management L.P. purchased a new position in Valmont Industries in the 2nd quarter valued at approximately $25,000. HM Payson & Co. purchased a new stake in shares of Valmont Industries during the second quarter worth $25,000. Knuff & Co LLC bought a new position in shares of Valmont Industries in the third quarter worth $55,000. Point72 Hong Kong Ltd boosted its holdings in shares of Valmont Industries by 57.8% in the second quarter. Point72 Hong Kong Ltd now owns 1,277 shares of the industrial products company’s stock worth $162,000 after acquiring an additional 468 shares during the period. Finally, World Asset Management Inc purchased a new position in shares of Valmont Industries in the third quarter valued at $216,000. 85.60% of the stock is currently owned by institutional investors.

About Valmont Industries

Valmont Industries, Inc produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products.

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