Valmont Industries (NYSE:VMI) Stock Rating Lowered by William Blair

Valmont Industries (NYSE:VMI) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, MarketBeat reports.

Other analysts also recently issued research reports about the company. DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research report on Wednesday, February 19th. StockNews.com downgraded Valmont Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus lifted their price target on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Valmont Industries Stock Down 12.5 %

VMI stock opened at $285.69 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $5.73 billion, a PE ratio of 16.63 and a beta of 0.98. Valmont Industries has a twelve month low of $202.01 and a twelve month high of $379.22. The stock has a 50-day simple moving average of $332.20 and a two-hundred day simple moving average of $319.07.

Valmont Industries (NYSE:VMI) last posted 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 business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the previous year, the firm earned $3.18 EPS. On average, equities analysts predict that Valmont Industries will post 18.07 EPS for the current fiscal year.

Institutional Trading of Valmont Industries

Hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in Valmont Industries in the 3rd quarter worth approximately $35,000. Aster Capital Management DIFC Ltd lifted its position in Valmont Industries by 175.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock worth $59,000 after buying an additional 123 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Valmont Industries in the 3rd quarter worth approximately $58,000. Quarry LP lifted its position in Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company’s stock worth $62,000 after buying an additional 162 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Valmont Industries by 35.9% in the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

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.