Valmont Industries, Inc. (NYSE:VMI) VP Vanessa Kay Brown sold 3,059 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total value of $525,352.66. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Valmont Industries, Inc. (NYSE:VMI) traded down $0.70 during mid-day trading on Friday, reaching $172.10. The company had a trading volume of 122,255 shares, compared to its average volume of 131,319. The company has a market cap of $3,910.00, a price-to-earnings ratio of 24.77, a P/E/G ratio of 2.44 and a beta of 1.03. Valmont Industries, Inc. has a twelve month low of $135.95 and a twelve month high of $173.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.50 and a quick ratio of 2.53.
Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). Valmont Industries had a net margin of 7.02% and a return on equity of 14.56%. The company had revenue of $680.78 million during the quarter, compared to the consensus estimate of $652.65 million. During the same quarter last year, the firm posted $1.48 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis. sell-side analysts anticipate that Valmont Industries, Inc. will post 6.98 earnings per share for the current fiscal year.
VMI has been the subject of a number of research analyst reports. Zacks Investment Research raised Valmont Industries from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BidaskClub lowered Valmont Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th. Boenning Scattergood restated a “buy” rating and set a $185.00 price objective on shares of Valmont Industries in a research report on Friday, November 10th. Seaport Global Securities began coverage on Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price objective on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $183.00 price objective on shares of Valmont Industries in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $176.50.
About Valmont Industries
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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