Valmont Industries (NYSE:VMI) Stock Rating Upgraded by StockNews.com

Valmont Industries (NYSE:VMI) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

VMI has been the subject of several other reports. Stifel Nicolaus upped their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. DA Davidson lowered Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target for the company. in a research note on Wednesday, February 19th.

Valmont Industries Trading Up 1.2 %

NYSE VMI traded up $3.84 during trading hours on Tuesday, hitting $321.74. 154,954 shares of the company’s stock were exchanged, compared to its average volume of 132,034. The business’s 50 day moving average is $329.94 and its 200-day moving average is $317.24. Valmont Industries has a 12-month low of $202.01 and a 12-month high of $379.22. The firm has a market capitalization of $6.45 billion, a P/E ratio of 18.73 and a beta of 0.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07.

Valmont Industries (NYSE:VMI) last released its 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. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same period in the prior year, the business posted $3.18 earnings per share. As a group, analysts anticipate that Valmont Industries will post 18.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Valmont Industries

Large investors have recently modified their holdings of the stock. Foundry Partners LLC acquired a new stake in shares of Valmont Industries in the third quarter valued at about $4,158,000. Covea Finance grew its stake in shares of Valmont Industries by 29.9% in the fourth quarter. Covea Finance now owns 15,200 shares of the industrial products company’s stock valued at $4,661,000 after buying an additional 3,500 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Valmont Industries in the third quarter valued at about $466,000. De Lisle Partners LLP grew its stake in shares of Valmont Industries by 44.6% in the third quarter. De Lisle Partners LLP now owns 18,800 shares of the industrial products company’s stock valued at $5,454,000 after buying an additional 5,800 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Valmont Industries by 12.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 208,645 shares of the industrial products company’s stock valued at $60,497,000 after purchasing an additional 23,765 shares during the last quarter. Institutional investors and hedge funds own 87.84% of the company’s stock.

About Valmont Industries

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.