Valmont Industries, Inc. (NYSE:VMI) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Other equities analysts have also recently issued reports about the company. Boenning Scattergood restated a “hold” rating on shares of Valmont Industries in a research note on Thursday, July 20th. Stifel Nicolaus restated a “buy” rating and set a $171.00 price objective on shares of Valmont Industries in a research note on Friday, July 14th. Finally, Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a research note on Monday, May 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $168.00.

Shares of Valmont Industries (NYSE VMI) opened at 143.75 on Friday. Valmont Industries has a 52-week low of $120.65 and a 52-week high of $165.20. The stock has a market cap of $3.25 billion, a P/E ratio of 17.81 and a beta of 0.97. The firm has a 50-day moving average of $150.84 and a 200-day moving average of $150.69.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.05. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The business had revenue of $712.70 million for the quarter, compared to analysts’ expectations of $668.06 million. During the same period last year, the business earned $1.85 EPS. The business’s revenue was up 11.3% on a year-over-year basis. On average, equities analysts expect that Valmont Industries will post $7.09 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in VMI. Janney Montgomery Scott LLC boosted its stake in Valmont Industries by 0.6% in 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 last quarter. Global Endowment Management LP boosted its stake in Valmont Industries by 0.4% in the first quarter. Global Endowment Management LP now owns 2,480 shares of the industrial products company’s stock worth $386,000 after buying an additional 10 shares during the last quarter. Citigroup Inc. boosted its stake in Valmont Industries by 0.7% in the second quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock worth $678,000 after buying an additional 31 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Valmont Industries by 0.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 3,917 shares of the industrial products company’s stock worth $530,000 after buying an additional 36 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Valmont Industries by 2.9% in the second quarter. Blair William & Co. IL now owns 1,786 shares of the industrial products company’s stock worth $267,000 after buying an additional 50 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.

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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