Valmont Industries, Inc. (NYSE:VMI) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus boosted their price target on Valmont Industries from $167.00 to $170.00 and gave the company a “buy” rating in a report on Sunday, April 23rd. Zacks Investment Research upgraded Valmont Industries from a “hold” rating to a “buy” rating and set a $170.00 price target for the company in a report on Tuesday, April 25th. Finally, William Blair reiterated a “market perform” rating on shares of Valmont Industries in a report on Sunday, April 23rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $167.50.

Valmont Industries (NYSE:VMI) traded down 0.26% during midday trading on Thursday, hitting $150.65. The stock had a trading volume of 55,947 shares. Valmont Industries has a 12-month low of $120.65 and a 12-month high of $165.20. The company has a 50-day moving average price of $148.74 and a 200-day moving average price of $148.92. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 19.06 and a beta of 0.97.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, April 19th. The industrial products company reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.08. Valmont Industries had a return on equity of 14.93% and a net margin of 6.99%. The business had revenue of $637.47 million during the quarter, compared to the consensus estimate of $626.02 million. During the same period in the previous year, the business earned $1.45 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts anticipate that Valmont Industries will post $7.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 0.99%. Valmont Industries’s payout ratio is currently 18.96%.

WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/06/valmont-industries-inc-nysevmi-upgraded-at-bidaskclub.html.

A number of hedge funds and other institutional investors have recently modified their holdings of VMI. Speece Thorson Capital Group Inc. increased its position in shares of Valmont Industries by 0.6% in the fourth quarter. Speece Thorson Capital Group Inc. now owns 81,124 shares of the industrial products company’s stock worth $8,601,000 after buying an additional 473 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of Valmont Industries by 416.1% in the fourth quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 73,800 shares of the industrial products company’s stock worth $7,824,000 after buying an additional 59,500 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Valmont Industries by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 44,991 shares of the industrial products company’s stock worth $4,770,000 after buying an additional 770 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Valmont Industries by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 29,605 shares of the industrial products company’s stock worth $3,139,000 after buying an additional 121 shares during the last quarter. Finally, Hedeker Wealth Management Group LLC increased its position in shares of Valmont Industries by 0.3% in the fourth quarter. Hedeker Wealth Management Group LLC now owns 18,613 shares of the industrial products company’s stock worth $1,973,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.

Receive News & Ratings for Valmont Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valmont Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.