Valmont Industries (NYSE:VMI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Valmont Industries (NYSE:VMI) had its price target upped by Stifel Nicolaus from $387.00 to $425.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 17.12% from the stock’s current price.

Separately, DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 target price for the company. in a research report on Wednesday.

Valmont Industries Trading Down 1.2 %

NYSE VMI opened at $362.89 on Wednesday. The company has a market cap of $7.27 billion, a P/E ratio of 21.12 and a beta of 1.05. Valmont Industries has a 12 month low of $202.01 and a 12 month high of $379.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.35 and a quick ratio of 1.55. The company has a 50-day moving average of $323.66 and a 200-day moving average of $311.72.

Valmont Industries (NYSE:VMI) last issued its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.21. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Valmont Industries had a return on equity of 23.42% and a net margin of 8.55%. During the same quarter last year, the firm earned $3.18 earnings per share. As a group, equities analysts predict that Valmont Industries will post 17.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mogens C. Bay sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the transaction, the director now directly owns 131,730 shares in the company, valued at $45,963,231.60. This represents a 13.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Valmont Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC bought a new stake in shares of Valmont Industries during the third quarter valued at about $39,000. Blue Trust Inc. raised its position in shares of Valmont Industries by 5,505.6% during the 3rd quarter. Blue Trust Inc. now owns 1,009 shares of the industrial products company’s stock worth $277,000 after buying an additional 991 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Valmont Industries by 3.0% in the 3rd quarter. Raymond James & Associates now owns 13,934 shares of the industrial products company’s stock worth $4,040,000 after acquiring an additional 407 shares during the period. Signaturefd LLC boosted its holdings in shares of Valmont Industries by 35.4% in the third quarter. Signaturefd LLC now owns 214 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 56 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Valmont Industries by 1.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,325 shares of the industrial products company’s stock valued at $674,000 after acquiring an additional 35 shares during the period. 87.84% of the stock is owned by institutional investors.

About Valmont Industries

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.