Valmont Industries (NYSE:VMI) Stock Rating Upgraded by Wall Street Zen

Valmont Industries (NYSE:VMI) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other equities analysts also recently issued reports on VMI. JPMorgan Chase & Co. lifted their price target on shares of Valmont Industries from $520.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Oppenheimer set a $600.00 price objective on shares of Valmont Industries and gave the stock an “outperform” rating in a report on Thursday, May 28th. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Stifel Nicolaus boosted their target price on Valmont Industries from $541.00 to $645.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Weiss Ratings upgraded Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $573.75.

Valmont Industries Stock Performance

Valmont Industries stock opened at $532.89 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 1.59. The stock has a fifty day moving average price of $539.57 and a two-hundred day moving average price of $475.05. Valmont Industries has a 52-week low of $329.21 and a 52-week high of $585.71. The firm has a market capitalization of $10.34 billion, a P/E ratio of 29.59, a P/E/G ratio of 1.24 and a beta of 1.33.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.79. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $994.85 million. During the same period last year, the business earned $4.32 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. As a group, analysts anticipate that Valmont Industries will post 22.83 EPS for the current fiscal year.

Insider Activity at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the sale, the director owned 112,309 shares of the company’s stock, valued at $55,294,213.06. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Valmont Industries in the 4th quarter valued at $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Valmont Industries during the fourth quarter worth $27,000. Leonteq Securities AG acquired a new position in shares of Valmont Industries during the fourth quarter valued at $30,000. State of Wyoming acquired a new position in shares of Valmont Industries during the fourth quarter valued at $34,000. Finally, V Square Quantitative Management LLC bought a new position in Valmont Industries in the first quarter valued at about $37,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

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.