Shares of Valmont Industries, Inc. (NYSE:VMI) have been given an average recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $183.00.

Several brokerages recently issued reports on VMI. Zacks Investment Research cut shares of Valmont Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Seaport Global Securities cut shares of Valmont Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating and issued a $181.00 price objective (up previously from $174.00) on shares of Valmont Industries in a report on Tuesday, January 16th. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Valmont Industries in a report on Friday, November 10th.

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 shares were sold at an average price of $171.74, for a total value of $525,352.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VMI. Ameriprise Financial Inc. increased its holdings in Valmont Industries by 6.3% in the second quarter. Ameriprise Financial Inc. now owns 84,708 shares of the industrial products company’s stock valued at $12,674,000 after buying an additional 5,027 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Valmont Industries by 16.8% in the second quarter. PNC Financial Services Group Inc. now owns 6,071 shares of the industrial products company’s stock valued at $908,000 after purchasing an additional 875 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Valmont Industries by 9.1% in the second quarter. UBS Asset Management Americas Inc. now owns 24,496 shares of the industrial products company’s stock valued at $3,665,000 after purchasing an additional 2,033 shares during the period. Citigroup Inc. grew its position in shares of Valmont Industries by 0.7% in the second quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock valued at $678,000 after purchasing an additional 31 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Valmont Industries by 5.1% in the second quarter. Vanguard Group Inc. now owns 1,869,447 shares of the industrial products company’s stock valued at $279,669,000 after purchasing an additional 90,745 shares during the period. 85.13% of the stock is owned by institutional investors.

Shares of Valmont Industries (NYSE:VMI) traded down $0.90 during trading on Monday, hitting $156.65. 34,060 shares of the company traded hands, compared to its average volume of 94,087. 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 has a 12-month low of $140.80 and a 12-month high of $176.35. The stock has a market capitalization of $3,530.00, a PE ratio of 18.67, a PEG ratio of 1.93 and a beta of 0.97.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.375 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a yield of 0.96%. Valmont Industries’s payout ratio is 17.92%.

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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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