Valmont Industries, Inc. (NYSE:VMI) Receives Average Recommendation of “Moderate Buy” from Analysts

Valmont Industries, Inc. (NYSE:VMI) has been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $462.3333.

Several equities research analysts recently commented on VMI shares. DA Davidson increased their price target on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a report on Monday, December 29th. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Finally, Stifel Nicolaus boosted their price target on shares of Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a research report on Friday, January 23rd.

Institutional Trading of Valmont Industries

Several institutional investors have recently made changes to their positions in VMI. Franklin Resources Inc. increased its stake in Valmont Industries by 2.7% during the second quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company’s stock worth $171,740,000 after acquiring an additional 13,578 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Valmont Industries by 8.3% during the 3rd quarter. Invesco Ltd. now owns 422,997 shares of the industrial products company’s stock worth $164,009,000 after purchasing an additional 32,382 shares during the period. Earnest Partners LLC increased its position in shares of Valmont Industries by 1.7% during the 3rd quarter. Earnest Partners LLC now owns 399,388 shares of the industrial products company’s stock worth $154,855,000 after purchasing an additional 6,799 shares during the last quarter. Geode Capital Management LLC raised its holdings in Valmont Industries by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 369,059 shares of the industrial products company’s stock valued at $148,509,000 after buying an additional 12,480 shares during the period. Finally, Impax Asset Management Group plc lifted its position in Valmont Industries by 0.8% in the second quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company’s stock valued at $102,408,000 after buying an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Price Performance

Shares of NYSE VMI opened at $473.90 on Thursday. The firm has a 50-day simple moving average of $428.17 and a 200-day simple moving average of $401.80. The company has a quick ratio of 1.50, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 40.82 and a beta of 1.22. Valmont Industries has a 52 week low of $250.07 and a 52 week high of $479.53.

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.