Valmont Industries (NYSE:VMI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Estimates for Valmont for the current quarter and full year have been stable lately. Valmont is pursuing an aggressive acquisition strategy and capacity expansion plan to boost growth. The company is also looking to improve its overall cost structure through restructuring actions. It has also outperformed the industry it belongs to over the past six months. However, Valmont has trimmed its annual earnings guidance factoring in the impact of the disruptions caused by recent hurricanes. The company is also exposed to raw material price pressure and continued challenges in its irrigation business. Weak infrastructure spending is also affecting its Engineered Support Structures unit.”

VMI has been the topic of a number of other reports. Boenning Scattergood reiterated a “buy” rating and issued a $185.00 price target on shares of Valmont Industries in a research report on Friday, November 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $183.00 price target on shares of Valmont Industries in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Valmont Industries has an average rating of “Hold” and a consensus price target of $174.25.

Valmont Industries (VMI) traded up $1.65 during trading on Friday, reaching $170.55. 60,440 shares of the company’s stock were exchanged, compared to its average volume of 89,194. The company has a current ratio of 3.50, a quick ratio of 2.53 and a debt-to-equity ratio of 0.65. Valmont Industries has a 52 week low of $136.75 and a 52 week high of $176.35. The firm has a market cap of $3,822.96, a P/E ratio of 20.35, a PEG ratio of 2.12 and a beta of 1.06.

Valmont Industries (NYSE:VMI) last released its 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 net margin of 7.02% and a return on equity of 14.56%. The business had revenue of $680.78 million for the quarter, compared to analyst estimates of $652.65 million. During the same quarter 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 earnings per share for the current fiscal year.

In related news, VP Vanessa Kay Brown sold 3,059 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.30% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position in shares of Valmont Industries by 85.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,299 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 599 shares during the period. Gofen & Glossberg LLC IL acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $209,000. Verity Asset Management Inc. raised its position in shares of Valmont Industries by 8.1% in the 2nd quarter. Verity Asset Management Inc. now owns 1,588 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 119 shares during the period. Trexquant Investment LP acquired a new stake in shares of Valmont Industries in the 3rd quarter valued at approximately $252,000. Finally, Balyasny Asset Management LLC acquired a new stake in Valmont Industries during the 2nd quarter worth approximately $246,000. Institutional investors and hedge funds own 85.26% 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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