ValuEngine downgraded shares of Valmont Industries (NYSE:VMI) from a hold rating to a sell rating in a research report report published on Monday morning, ValuEngine reports.

Several other brokerages also recently weighed in on VMI. Boenning Scattergood reaffirmed a hold rating on shares of Valmont Industries in a research report on Thursday, February 21st. Zacks Investment Research raised Valmont Industries from a sell rating to a hold rating in a research report on Monday, February 18th. TheStreet raised Valmont Industries from a c+ rating to a b- rating in a report on Wednesday, March 13th. Finally, Stifel Nicolaus raised Valmont Industries from a hold rating to a buy rating and increased their price target for the company from $135.00 to $153.00 in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $153.00.

Shares of NYSE VMI opened at $121.90 on Monday. Valmont Industries has a 1-year low of $103.01 and a 1-year high of $157.15. The company has a quick ratio of 2.05, a current ratio of 2.95 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.66 billion, a PE ratio of 16.08, a P/E/G ratio of 1.42 and a beta of 1.28.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, April 23rd. The industrial products company reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.17. Valmont Industries had a return on equity of 14.70% and a net margin of 3.33%. The company had revenue of $692.10 million during the quarter, compared to the consensus estimate of $683.66 million. During the same quarter in the prior year, the business earned $1.87 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. On average, research analysts anticipate that Valmont Industries will post 8.54 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of VMI. Wellington Management Group LLP boosted its holdings in Valmont Industries by 728.5% in the first quarter. Wellington Management Group LLP now owns 481,239 shares of the industrial products company’s stock valued at $62,609,000 after purchasing an additional 423,151 shares during the last quarter. Norges Bank purchased a new position in Valmont Industries in the fourth quarter valued at about $24,818,000. Ceredex Value Advisors LLC purchased a new position in Valmont Industries in the fourth quarter valued at about $13,296,000. King Luther Capital Management Corp boosted its holdings in Valmont Industries by 30.1% in the fourth quarter. King Luther Capital Management Corp now owns 511,020 shares of the industrial products company’s stock valued at $56,698,000 after purchasing an additional 118,378 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Valmont Industries by 26.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 304,607 shares of the industrial products company’s stock valued at $39,629,000 after purchasing an additional 63,569 shares during the last quarter. 86.75% of the stock is owned by hedge funds and other institutional investors.

Valmont Industries Company Profile

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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