Valmont Industries (NYSE:VMI) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $174.00 price objective on the industrial products company’s stock, down from their previous price objective of $177.00. Stifel Nicolaus’ price target indicates a potential upside of 6.62% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. 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. Zacks Investment Research raised shares of Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub cut shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a report on Friday, August 25th. Finally, Seaport Global Securities began coverage on shares of Valmont Industries in a report on Wednesday, September 6th. They issued a “buy” rating and a $160.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $174.25.

Valmont Industries (NYSE VMI) opened at $163.20 on Monday. The company has a market cap of $3,690.00, a PE ratio of 24.61, a PEG ratio of 2.42 and a beta of 1.06. 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.

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 analysts’ consensus estimates of $1.60 by ($0.04). The company 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 12.97% and a net margin of 5.39%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $1.48 EPS. equities research analysts forecast that Valmont Industries will post 6.98 EPS for the current fiscal year.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its holdings in Valmont Industries by 0.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 1,339 shares of the industrial products company’s stock valued at $200,000 after buying an additional 8 shares during the last quarter. Citigroup Inc. raised its holdings in Valmont Industries by 0.7% in the 2nd quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock valued at $678,000 after buying an additional 31 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Valmont Industries by 0.9% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,917 shares of the industrial products company’s stock valued at $530,000 after buying an additional 36 shares during the last quarter. Blair William & Co. IL raised its holdings in Valmont Industries by 2.9% in the 2nd quarter. Blair William & Co. IL now owns 1,786 shares of the industrial products company’s stock valued at $267,000 after buying an additional 50 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Valmont Industries by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 9,500 shares of the industrial products company’s stock valued at $1,421,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 85.28% of the company’s stock.

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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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