Valmont Industries (NYSE:VMI) had its price objective decreased by Stifel Nicolaus from $181.00 to $160.00 in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 6.99% from the company’s current price.
A number of other research analysts also recently commented on VMI. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Seaport Global Securities downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Boenning Scattergood reissued a “buy” rating and issued a $185.00 price objective on shares of Valmont Industries in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $173.75.
Shares of Valmont Industries (VMI) traded down $2.25 during trading hours on Friday, hitting $149.55. 16,563 shares of the company were exchanged, compared to its average volume of 92,872. 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 1 year low of $140.90 and a 1 year high of $176.35. The company has a market cap of $3,539.23, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.91 and a beta of 0.98.
Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.02). Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The business had revenue of $714.98 million during the quarter, compared to the consensus estimate of $724.03 million. During the same period in the previous year, the business posted $1.61 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. equities research analysts predict that Valmont Industries will post 6.98 earnings per share for the current fiscal year.
In other Valmont Industries news, VP Vanessa Kay Brown sold 3,059 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were 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 is accessible through this hyperlink. 3.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Gofen & Glossberg LLC IL bought a new stake in Valmont Industries in the third quarter worth about $209,000. Clarus Wealth Advisors bought a new stake in shares of Valmont Industries during the fourth quarter valued at approximately $214,000. State of Alaska Department of Revenue bought a new stake in shares of Valmont Industries during the fourth quarter valued at approximately $215,000. Trexquant Investment LP bought a new stake in shares of Valmont Industries during the third quarter valued at approximately $252,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Valmont Industries during the fourth quarter valued at approximately $253,000. 85.73% of the stock is owned by institutional investors and hedge funds.
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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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