Valmont Industries (NYSE:VMI) Rating Lowered to “Buy” at StockNews.com

Valmont Industries (NYSE:VMI) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Other equities analysts have also issued research reports about the company. William Blair lowered Valmont Industries from an “outperform” rating to a “market perform” rating in a research note on Friday, March 21st. Stifel Nicolaus boosted their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th.

Valmont Industries Trading Down 3.1 %

Shares of VMI stock opened at $289.99 on Friday. Valmont Industries has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. The stock’s fifty day moving average is $329.60 and its two-hundred day moving average is $320.48. The firm has a market capitalization of $5.82 billion, a P/E ratio of 16.88 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $3.18 earnings per share. Research analysts expect that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Institutional Trading of Valmont Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Covea Finance increased its position in shares of Valmont Industries by 29.9% during the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after acquiring an additional 3,500 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Valmont Industries during the 3rd quarter worth approximately $466,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Valmont Industries by 70.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,244 shares of the industrial products company’s stock worth $14,182,000 after purchasing an additional 19,096 shares during the period. Sanctuary Advisors LLC acquired a new stake in Valmont Industries in the 3rd quarter valued at approximately $698,000. Finally, Nordea Investment Management AB raised its position in Valmont Industries by 16.9% in the fourth quarter. Nordea Investment Management AB now owns 17,421 shares of the industrial products company’s stock valued at $5,326,000 after purchasing an additional 2,521 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Company Profile

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.