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

Valmont Industries (NYSE:VMI) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts also recently issued reports on VMI. DA Davidson downgraded 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. Stifel Nicolaus boosted their price target on Valmont Industries from $387.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, February 19th.

Valmont Industries Stock Down 1.3 %

VMI opened at $326.50 on Wednesday. Valmont Industries has a 12 month low of $202.01 and a 12 month high of $379.22. The company has a market cap of $6.55 billion, a P/E ratio of 19.00 and a beta of 0.98. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $332.53 and its 200-day moving average price is $318.77.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (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 for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $3.18 EPS. On average, equities analysts expect that Valmont Industries will post 18.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Valmont Industries during the 3rd quarter worth approximately $35,000. Aster Capital Management DIFC Ltd grew 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 worth $59,000 after acquiring an additional 123 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Valmont Industries during the 3rd quarter worth approximately $58,000. Quarry LP grew its holdings 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 worth $62,000 after acquiring an additional 162 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 56 shares during the period. Hedge funds and other 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.