Valmont Industries (VMI) Stock Rating Lowered by Stifel Nicolaus
Valmont Industries (NYSE:VMI) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Monday, The Fly reports.
Several other equities research analysts have also issued reports on VMI. BidaskClub lowered shares of Valmont Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Boenning Scattergood restated an “outperform” rating on shares of Valmont Industries in a research report on Tuesday, September 5th. Seaport Global Securities started coverage on shares of Valmont Industries in a research report on Wednesday, September 6th. They set a “buy” rating and a $160.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Valmont Industries from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $176.50.
Shares of Valmont Industries (NYSE:VMI) opened at $168.85 on Monday. The company has a quick ratio of 2.53, a current ratio of 3.50 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3,817.36, a P/E ratio of 24.61, a P/E/G ratio of 2.42 and a beta of 1.06. Valmont Industries has a twelve month low of $135.95 and a twelve month high of $176.35.
In other news, VP Vanessa Kay Brown sold 3,059 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.74, for a total transaction of $525,352.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Valmont Industries by 13,061.6% during the first quarter. BlackRock Inc. now owns 1,764,835 shares of the industrial products company’s stock worth $274,432,000 after purchasing an additional 1,751,426 shares during the last quarter. Makaira Partners LLC purchased a new position in shares of Valmont Industries in the first quarter valued at $83,771,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Valmont Industries in the first quarter valued at $43,456,000. Schroder Investment Management Group boosted its stake in shares of Valmont Industries by 112.2% in the fourth quarter. Schroder Investment Management Group now owns 594,300 shares of the industrial products company’s stock valued at $63,007,000 after purchasing an additional 314,200 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Valmont Industries by 92.7% in the second quarter. JPMorgan Chase & Co. now owns 519,339 shares of the industrial products company’s stock valued at $70,252,000 after purchasing an additional 249,858 shares during the period. 85.28% of the stock is currently owned by institutional investors.
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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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