DA Davidson Downgrades Valmont Industries (NYSE:VMI) to Neutral

Valmont Industries (NYSE:VMI) was downgraded by equities researchers at DA Davidson from a “buy” rating to a “neutral” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. They presently have a $380.00 target price on the industrial products company’s stock. DA Davidson’s price objective would indicate a potential upside of 0.53% from the stock’s current price.

Separately, Stifel Nicolaus lifted their price target on Valmont Industries from $382.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

Valmont Industries Price Performance

NYSE:VMI opened at $378.00 on Wednesday. The business’s 50-day moving average price is $322.28 and its 200 day moving average price is $310.97. The firm has a market cap of $7.57 billion, a P/E ratio of 25.68 and a beta of 1.05. Valmont Industries has a 52-week low of $202.01 and a 52-week high of $379.22. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.58.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.10% and a net margin of 7.38%. During the same quarter last year, the company earned $3.18 EPS. As a group, sell-side analysts predict that Valmont Industries will post 16.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Valmont Industries

In other news, Director Mogens C. Bay sold 20,000 shares of Valmont Industries stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $348.92, for a total transaction of $6,978,400.00. Following the completion of the sale, the director now directly owns 131,730 shares in the company, valued at $45,963,231.60. The trade was a 13.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Valmont Industries

Institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in shares of Valmont Industries during the 3rd quarter valued at about $35,000. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries during the 3rd quarter valued at about $39,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Valmont Industries by 175.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after buying an additional 123 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Valmont Industries in the 3rd quarter worth approximately $58,000. Finally, Quarry LP lifted its holdings in Valmont Industries by 395.1% in the 4th quarter. Quarry LP now owns 203 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 162 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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.