Valmont Industries, Inc. (VMI) Receives Average Rating of “Hold” from Analysts

Shares of Valmont Industries, Inc. (NYSE:VMI) have received an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $183.00.

A number of equities analysts have commented on the company. Zacks Investment Research lowered Valmont Industries from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Seaport Global Securities lowered Valmont Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus restated a “hold” rating and set a $181.00 price objective (up previously from $174.00) on shares of Valmont Industries in a research note on Tuesday, January 16th. Finally, Boenning Scattergood restated a “buy” rating and set a $185.00 price objective on shares of Valmont Industries in a research note on Friday, November 10th.

Valmont Industries (NYSE VMI) opened at $159.90 on Monday. Valmont Industries has a 52 week low of $140.10 and a 52 week high of $176.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.53 and a current ratio of 3.50. The company has a market capitalization of $3,615.02, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.98 and a beta of 0.98.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.50 dividend on an annualized basis and a yield of 0.94%. Valmont Industries’s dividend payout ratio (DPR) is presently 17.90%.

In other Valmont Industries news, VP Vanessa Kay Brown sold 3,059 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.74, for a total transaction of $525,352.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the business. Citigroup Inc. boosted its holdings in shares of Valmont Industries by 0.7% in the 2nd quarter. Citigroup Inc. now owns 4,530 shares of the industrial products company’s stock valued at $678,000 after purchasing an additional 31 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Valmont Industries by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,759 shares of the industrial products company’s stock valued at $1,011,000 after purchasing an additional 120 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Valmont Industries by 11.1% in the 2nd quarter. M&T Bank Corp now owns 2,006 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 200 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Valmont Industries by 7.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,028 shares of the industrial products company’s stock valued at $752,000 after purchasing an additional 350 shares in the last quarter. Finally, FCA Corp TX boosted its holdings in shares of Valmont Industries by 1.6% in the 3rd quarter. FCA Corp TX now owns 23,987 shares of the industrial products company’s stock valued at $3,792,000 after purchasing an additional 376 shares in the last quarter. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

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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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