Valmont Industries (NYSE:VMI) Rating Lowered to Market Perform at William Blair

Valmont Industries (NYSE:VMI) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a report issued on Friday, Marketbeat Ratings reports.

VMI has been the topic of a number of other reports. DA Davidson downgraded shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a report on Wednesday, February 19th. StockNews.com cut shares of Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their price target on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th.

Valmont Industries Trading Down 1.3 %

NYSE:VMI opened at $326.50 on Friday. Valmont Industries has a 52 week low of $202.01 and a 52 week high of $379.22. The firm has a 50-day moving average price of $332.53 and a two-hundred day moving average price of $318.77. 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 firm has a market cap of $6.55 billion, a price-to-earnings ratio of 19.00 and a beta of 0.98.

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

Institutional Trading of Valmont Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. purchased a new position in Valmont Industries in the 3rd quarter valued at approximately $35,000. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries in the third quarter valued at $58,000. Aster Capital Management DIFC Ltd grew its position in shares of Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 123 shares in the last quarter. Quarry LP raised its stake in shares of Valmont Industries by 395.1% during the 4th quarter. Quarry LP now owns 203 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 162 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in Valmont Industries by 35.9% during the 4th quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

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.