Valmont Industries (VMI) Stock Rating Reaffirmed by Stifel Nicolaus

Valmont Industries (NYSE:VMI)‘s stock had its “hold” rating reissued by Stifel Nicolaus in a report issued on Tuesday. They currently have a $181.00 price target on the industrial products company’s stock, up from their previous price target of $174.00. Stifel Nicolaus’ price objective would suggest a potential upside of 6.75% from the stock’s previous close.

A number of other analysts have also commented on VMI. Zacks Investment Research raised Valmont Industries from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a report on Tuesday, October 17th. Boenning Scattergood reissued a “buy” rating and issued a $185.00 target price on shares of Valmont Industries in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $176.00.

Valmont Industries (NYSE VMI) traded up $1.50 during trading on Tuesday, hitting $169.55. The company’s stock had a trading volume of 49,800 shares, compared to its average volume of 106,373. The company has a market cap of $3,799.22, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Valmont Industries has a twelve month low of $138.30 and a twelve month 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 posted its earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.04). The business had revenue of $680.78 million during the quarter, compared to the consensus estimate of $652.65 million. Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. research analysts expect 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 Valmont Industries stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total value of $525,352.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Valmont Industries by 9.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 86,997 shares of the industrial products company’s stock worth $14,429,000 after buying an additional 7,342 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of Valmont Industries in the 4th quarter worth $683,000. Creative Planning boosted its stake in shares of Valmont Industries by 4.7% in the 4th quarter. Creative Planning now owns 8,985 shares of the industrial products company’s stock worth $1,490,000 after buying an additional 401 shares during the last quarter. New England Research & Management Inc. purchased a new position in shares of Valmont Industries in the 4th quarter worth $510,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Valmont Industries by 93.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,613 shares of the industrial products company’s stock worth $2,943,000 after buying an additional 8,993 shares during the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.

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Valmont Industries Company Profile

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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