Valmont Industries (NYSE:VMI) Stock Rating Upgraded by StockNews.com

Valmont Industries (NYSE:VMIGet Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Stifel Nicolaus reissued a “buy” rating and issued a $249.00 price target on shares of Valmont Industries in a research note on Monday, March 25th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.00.

View Our Latest Research Report on Valmont Industries

Valmont Industries Stock Performance

Shares of NYSE:VMI opened at $263.66 on Tuesday. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 34.74 and a beta of 1.03. The company has a 50-day moving average price of $260.99 and a 200-day moving average price of $236.06. The company has a current ratio of 2.64, a quick ratio of 1.65 and a debt-to-equity ratio of 0.79. Valmont Industries has a 12 month low of $188.63 and a 12 month high of $291.85.

Valmont Industries (NYSE:VMIGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $1.08. Valmont Industries had a net margin of 3.83% and a return on equity of 22.14%. The company had revenue of $977.83 million during the quarter, compared to the consensus estimate of $986.98 million. During the same period in the prior year, the firm earned $3.54 earnings per share. Valmont Industries’s revenue was down 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Valmont Industries will post 15.94 EPS for the current year.

Institutional Investors Weigh In On Valmont Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new stake in Valmont Industries in the fourth quarter worth about $29,000. Mather Group LLC. grew its holdings in Valmont Industries by 2,060.0% in the second quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 103 shares during the period. Avior Wealth Management LLC grew its holdings in Valmont Industries by 188.9% in the fourth quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 85 shares during the period. SRS Capital Advisors Inc. grew its holdings in Valmont Industries by 633.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 114 shares during the period. Finally, AdvisorNet Financial Inc purchased a new stake in Valmont Industries in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Company Profile

(Get Free Report)

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.

See Also

Receive News & Ratings for Valmont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries and related companies with MarketBeat.com's FREE daily email newsletter.