Valmont Industries, Inc. (NYSE:VMI) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $171.00.

A number of brokerages have recently issued reports on VMI. Boenning Scattergood upgraded Valmont Industries from a “neutral” rating to an “outperform” rating in a research note on Friday. Zacks Investment Research cut Valmont Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub cut Valmont Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $171.00 price objective on shares of Valmont Industries in a research note on Friday, July 14th.

Valmont Industries (VMI) opened at 148.45 on Monday. Valmont Industries has a 12 month low of $120.65 and a 12 month high of $165.20. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 18.39 and a beta of 0.97. The company’s 50-day moving average is $151.49 and its 200 day moving average is $150.53.

Valmont Industries (NYSE:VMI) last announced its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.05. Valmont Industries had a return on equity of 14.89% and a net margin of 6.94%. The company had revenue of $712.70 million for the quarter, compared to analysts’ expectations of $668.06 million. During the same quarter in the prior year, the business posted $1.85 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. Equities analysts forecast that Valmont Industries will post $7.10 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. State Treasurer State of Michigan boosted its stake in Valmont Industries by 1.1% in the first quarter. State Treasurer State of Michigan now owns 9,200 shares of the industrial products company’s stock worth $1,431,000 after buying an additional 100 shares during the period. Great West Life Assurance Co. Can boosted its stake in Valmont Industries by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 13,430 shares of the industrial products company’s stock worth $2,087,000 after buying an additional 534 shares during the period. Canada Pension Plan Investment Board boosted its stake in Valmont Industries by 12.3% in the first quarter. Canada Pension Plan Investment Board now owns 68,434 shares of the industrial products company’s stock worth $10,641,000 after buying an additional 7,500 shares during the period. Wells Fargo & Company MN boosted its stake in Valmont Industries by 7.7% in the first quarter. Wells Fargo & Company MN now owns 11,540 shares of the industrial products company’s stock worth $1,795,000 after buying an additional 826 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in Valmont Industries by 1.2% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,159 shares of the industrial products company’s stock worth $1,269,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

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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.

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