Valmont Industries (NYSE:VMI)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a research report issued on Tuesday, MarketBeat reports. They currently 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 would indicate a potential upside of 6.75% from the company’s previous close.

A number of other equities analysts also recently issued reports on VMI. Zacks Investment Research upgraded Valmont Industries from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Boenning Scattergood reiterated a “buy” rating and set a $185.00 target price on shares of Valmont Industries in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $176.00.

Valmont Industries (NYSE VMI) traded up $1.50 during mid-day trading on Tuesday, hitting $169.55. The stock had a trading volume of 49,800 shares, compared to its average volume of 106,373. The stock has a market cap of $3,799.22, a P/E ratio of 20.23, a P/E/G ratio of 2.11 and a beta of 1.06. Valmont Industries has a 52-week low of $138.30 and a 52-week high of $176.35. 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 (NYSE:VMI) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). The firm had revenue of $680.78 million during the quarter, compared to analysts’ expectations of $652.65 million. Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $1.48 earnings per share. sell-side analysts expect that Valmont Industries will post 6.98 earnings per share for the current year.

In related news, VP Vanessa Kay Brown sold 3,059 shares of Valmont Industries stock in a transaction on Thursday, November 30th. The stock was 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 available through the SEC website. 3.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VMI. Principal Financial Group Inc. lifted its position in Valmont Industries by 3.1% during the second quarter. Principal Financial Group Inc. now owns 95,774 shares of the industrial products company’s stock valued at $14,328,000 after purchasing an additional 2,917 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Valmont Industries by 344.0% during the second quarter. JPMorgan Chase & Co. now owns 73,666 shares of the industrial products company’s stock valued at $11,020,000 after purchasing an additional 57,074 shares in the last quarter. Wells Fargo & Company MN lifted its position in Valmont Industries by 778.6% during the second quarter. Wells Fargo & Company MN now owns 101,387 shares of the industrial products company’s stock valued at $15,168,000 after purchasing an additional 89,847 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Valmont Industries by 85.6% during the second quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 599 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Valmont Industries by 6.3% during the second quarter. Ameriprise Financial Inc. now owns 84,708 shares of the industrial products company’s stock valued at $12,674,000 after purchasing an additional 5,027 shares in the last quarter. Institutional investors own 85.27% of the company’s stock.

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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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