News stories about Valmont Industries (NYSE:VMI) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Valmont Industries earned a news impact score of 0.23 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 45.6429481407345 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several research firms have issued reports on VMI. Boenning Scattergood upgraded Valmont Industries from a “neutral” rating to an “outperform” rating in a report on Friday, August 11th. BidaskClub downgraded Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Stifel Nicolaus restated a “buy” rating and set a $183.00 price objective on shares of Valmont Industries in a report on Tuesday, October 17th. Zacks Investment Research upgraded Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Finally, Seaport Global Securities began coverage on Valmont Industries in a report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $176.50.
Valmont Industries (NYSE VMI) traded down $0.70 during mid-day trading on Friday, reaching $172.10. The company’s stock had a trading volume of 122,255 shares, compared to its average volume of 119,593. Valmont Industries has a 52 week low of $135.95 and a 52 week high of $173.20. The company has a quick ratio of 2.53, a current ratio of 3.50 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3,890.00, a P/E ratio of 25.09, a PEG ratio of 2.47 and a beta of 1.06.
Valmont Industries (NYSE:VMI) last issued its quarterly 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 net margin of 7.02% and a return on equity of 14.56%. The firm had revenue of $680.78 million during the quarter, compared to the consensus estimate of $652.65 million. During the same quarter last year, the firm posted $1.48 earnings per share. 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 fiscal year.
In other news, VP Vanessa Kay Brown sold 3,059 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.
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Valmont Industries Company Profile
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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