Stifel Nicolaus Forecasts Strong Price Appreciation for Valmont Industries (NYSE:VMI) Stock

Valmont Industries (NYSE:VMI) had its price target hoisted by analysts at Stifel Nicolaus from $475.00 to $491.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 20.99% from the stock’s previous close.

VMI has been the topic of a number of other research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 8th. Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. JPMorgan Chase & Co. assumed coverage on Valmont Industries in a report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective on the stock. Finally, DA Davidson raised their price target on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

Valmont Industries Trading Down 1.2%

Shares of Valmont Industries stock opened at $405.81 on Tuesday. The company has a 50-day moving average of $407.40 and a two-hundred day moving average of $374.46. The company has a current ratio of 2.26, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock has a market cap of $7.99 billion, a PE ratio of 34.95 and a beta of 1.20. Valmont Industries has a 12-month low of $250.07 and a 12-month high of $432.68.

Valmont Industries (NYSE:VMI) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, beating the consensus estimate of $4.64 by $0.34. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $4.11 earnings per share. Valmont Industries’s revenue was up 2.5% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, research analysts anticipate that Valmont Industries will post 18.07 EPS for the current fiscal year.

Insider Buying and Selling at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the sale, the insider owned 7,286 shares in the company, valued at approximately $2,992,214.48. The trade was a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Community Bank N.A. purchased a new position in shares of Valmont Industries in the 3rd quarter valued at $25,000. WPG Advisers LLC acquired a new stake in Valmont Industries in the 1st quarter valued at $27,000. First Horizon Corp purchased a new position in Valmont Industries in the third quarter valued at about $29,000. Smartleaf Asset Management LLC lifted its stake in shares of Valmont Industries by 87.7% during the first quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Valmont Industries in the third quarter worth about $36,000. 87.84% of the stock is owned by institutional investors and hedge funds.

About Valmont Industries

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.