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.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). Valmont Industries had a return on equity of 14.56% and a net margin of 7.02%. The business had revenue of $680.78 million for the quarter, compared to analyst estimates of $652.65 million. During the same period in the previous year, the company posted $1.48 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. research analysts expect that Valmont Industries will post 6.98 EPS for the current fiscal year.

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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