Valmont Industries, Inc. (NYSE:VMI) Given Consensus Rating of “Moderate Buy” by Analysts

Valmont Industries, Inc. (NYSE:VMI) has received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $462.3333.

Several analysts have issued reports on the stock. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Stifel Nicolaus upped their price objective on Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. Finally, DA Davidson boosted their price objective on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd.

Valmont Industries Price Performance

Shares of VMI opened at $453.48 on Thursday. The stock has a 50 day simple moving average of $424.55 and a 200 day simple moving average of $398.95. Valmont Industries has a 52-week low of $250.07 and a 52-week high of $466.80. The firm has a market capitalization of $8.93 billion, a PE ratio of 39.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Community Bank N.A. acquired a new stake in Valmont Industries during the 3rd quarter worth approximately $25,000. First Horizon Corp bought a new stake in shares of Valmont Industries in the 3rd quarter valued at about $29,000. Abich Financial Wealth Management LLC bought a new position in shares of Valmont Industries during the third quarter worth about $36,000. Farther Finance Advisors LLC boosted its holdings in Valmont Industries by 357.1% in the third quarter. Farther Finance Advisors LLC now owns 96 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Valmont Industries by 93.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.