Valmont Industries (NYSE:VMI) Price Target Raised to $492.00

Valmont Industries (NYSE:VMI) had its target price raised by research analysts at Stifel Nicolaus from $491.00 to $492.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 11.74% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Valmont Industries in a report on Friday, September 26th. They issued an “overweight” rating and a $480.00 price objective for the company. DA Davidson raised their price target on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Valmont Industries has an average rating of “Moderate Buy” and an average price target of $462.33.

Valmont Industries Price Performance

Shares of NYSE VMI traded down $6.25 during mid-day trading on Friday, hitting $440.33. 11,758 shares of the stock traded hands, compared to its average volume of 134,841. The company has a market cap of $8.67 billion, a PE ratio of 37.93 and a beta of 1.20. Valmont Industries has a twelve month low of $250.07 and a twelve month high of $451.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.26 and a quick ratio of 1.50. The firm has a 50 day simple moving average of $414.96 and a two-hundred day simple moving average of $391.50.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating the consensus estimate of $4.64 by $0.34. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $4.11 earnings per share. The business’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Valmont Industries will post 18.07 EPS for the current fiscal year.

Institutional Trading of Valmont Industries

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in Valmont Industries by 225.1% during the first quarter. Millennium Management LLC now owns 67,630 shares of the industrial products company’s stock worth $19,300,000 after acquiring an additional 46,825 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Valmont Industries by 8.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 59,127 shares of the industrial products company’s stock valued at $16,873,000 after buying an additional 4,676 shares during the period. Empowered Funds LLC bought a new stake in Valmont Industries in the 1st quarter valued at about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Valmont Industries by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,511 shares of the industrial products company’s stock worth $20,692,000 after buying an additional 2,639 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Valmont Industries by 223.4% in the first quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

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.