Valmont Industries, Inc. (NYSE:VMI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Valmont Industries, Inc. (NYSE:VMI) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $462.3333.

A number of equities research analysts have issued reports on VMI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. DA Davidson raised their target price on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th.

Institutional Trading of Valmont Industries

Several institutional investors and hedge funds have recently made changes to their positions in VMI. Robert B. Daugherty Foundation bought a new stake in Valmont Industries during the fourth quarter worth about $100,580,000. Norges Bank purchased a new position in shares of Valmont Industries during the second quarter worth approximately $77,860,000. Invesco Ltd. boosted its stake in shares of Valmont Industries by 83.5% in the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company’s stock valued at $127,563,000 after purchasing an additional 177,749 shares in the last quarter. Ninety One UK Ltd bought a new stake in Valmont Industries in the fourth quarter worth $66,103,000. Finally, AQR Capital Management LLC boosted its position in Valmont Industries by 118.8% during the third quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after buying an additional 153,418 shares during the period. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.8%

VMI stock opened at $453.48 on Thursday. The stock has a fifty day moving average of $424.55 and a 200-day moving average of $398.95. Valmont Industries has a fifty-two week low of $250.07 and a fifty-two week high of $466.80. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 39.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.