Valmont Industries (NYSE:VMI) Price Target Raised to $492.00

Valmont Industries (NYSE:VMI) had its price objective boosted by Stifel Nicolaus from $491.00 to $492.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other brokerages have also issued reports on VMI. DA Davidson lifted their target price on shares of Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research report on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Valmont Industries in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded Valmont Industries from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Valmont Industries currently has an average rating of “Moderate Buy” and an average target price of $462.33.

Valmont Industries Stock Performance

NYSE:VMI opened at $439.82 on Friday. The business’s 50-day moving average price is $415.80 and its two-hundred day moving average price is $392.93. Valmont Industries has a twelve month low of $250.07 and a twelve month high of $451.45. The stock has a market cap of $8.66 billion, a P/E ratio of 37.88 and a beta of 1.20. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46.

Institutional Investors Weigh In On Valmont Industries

Several institutional investors have recently bought and sold shares of VMI. Public Employees Retirement System of Ohio increased its stake in Valmont Industries by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,565 shares of the industrial products company’s stock worth $2,933,000 after purchasing an additional 29 shares during the period. Wedmont Private Capital grew its holdings in shares of Valmont Industries by 5.6% in the fourth quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 31 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Valmont Industries by 0.5% in the third quarter. Aptus Capital Advisors LLC now owns 6,223 shares of the industrial products company’s stock worth $2,413,000 after buying an additional 32 shares during the period. GAMMA Investing LLC raised its holdings in Valmont Industries by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 202 shares of the industrial products company’s stock valued at $78,000 after buying an additional 36 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Valmont Industries by 4.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 843 shares of the industrial products company’s stock valued at $275,000 after buying an additional 38 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.