Valmont Industries (VMI) Downgraded by Stifel Nicolaus to Hold

Stifel Nicolaus cut shares of Valmont Industries (NYSE:VMI) from a buy rating to a hold rating in a research note published on Monday morning. Stifel Nicolaus currently has $174.00 price objective on the industrial products company’s stock, down from their previous price objective of $177.00.

Several other equities research analysts have also weighed in on the company. Boenning Scattergood reissued an outperform rating on shares of Valmont Industries in a research report on Tuesday, September 5th. Zacks Investment Research lowered Valmont Industries from a hold rating to a sell rating in a research report on Tuesday, October 24th. Seaport Global Securities started coverage on Valmont Industries in a research report on Wednesday, September 6th. They set a buy rating and a $160.00 target price on the stock. Finally, BidaskClub lowered Valmont Industries from a sell rating to a strong sell rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $174.25.

Shares of Valmont Industries (VMI) traded down $5.25 on Monday, hitting $163.60. The stock had a trading volume of 207,900 shares, compared to its average volume of 130,455. The company has a quick ratio of 2.53, a current ratio of 3.50 and a debt-to-equity ratio of 0.65. Valmont Industries has a fifty-two week low of $135.95 and a fifty-two week high of $176.35. The stock has a market cap of $3,817.31, a PE ratio of 24.61, a PEG ratio of 2.42 and a beta of 1.06.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.04). Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The business had revenue of $680.78 million for the quarter, compared to analyst estimates of $652.65 million. During the same period last year, the business posted $1.48 EPS. Valmont Industries’s revenue was up 11.6% on a year-over-year basis. research analysts forecast that Valmont Industries will post 6.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.92%. The ex-dividend date is Thursday, December 28th. Valmont Industries’s dividend payout ratio (DPR) is 17.90%.

In other Valmont Industries news, VP Vanessa Kay Brown sold 3,059 shares of Valmont Industries stock in a transaction that occurred 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 document filed with the SEC, which is available at the SEC website. Insiders own 3.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VMI. Global X Management Co. LLC increased its position in Valmont Industries by 220.0% during the second quarter. Global X Management Co. LLC now owns 720 shares of the industrial products company’s stock worth $108,000 after buying an additional 495 shares during the period. Riverhead Capital Management LLC increased 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 worth $194,000 after buying an additional 599 shares during the period. Janney Montgomery Scott LLC increased its position in Valmont Industries by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock worth $200,000 after buying an additional 8 shares during the period. Gofen & Glossberg LLC IL acquired a new position in Valmont Industries during the third quarter worth approximately $209,000. Finally, Verity Asset Management Inc. increased its position in Valmont Industries by 8.1% during the second quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock worth $238,000 after buying an additional 119 shares during the period. 85.28% of the stock is currently owned by institutional investors.

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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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