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

Valmont Industries (NYSE:VMI) had its price objective lifted by analysts at Stifel Nicolaus from $645.00 to $678.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price points to a potential upside of 33.97% from the company’s previous close.

Other research analysts have also issued reports about the company. Weiss Ratings raised Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 26th. Oppenheimer set a $600.00 price target on shares of Valmont Industries and gave the company an “outperform” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Valmont Industries from $520.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Zacks Research upgraded shares of Valmont Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $582.00.

Valmont Industries Stock Performance

Shares of NYSE VMI opened at $506.10 on Monday. Valmont Industries has a 1 year low of $337.93 and a 1 year high of $585.71. The firm has a market cap of $9.82 billion, a P/E ratio of 28.10, a PEG ratio of 1.21 and a beta of 1.33. The stock has a fifty day moving average price of $539.65 and a two-hundred day moving average price of $477.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 2.38.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings data on Tuesday, July 21st. The industrial products company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.80 by $0.34. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.During the same quarter in the previous year, the business earned $4.88 EPS. Research analysts forecast that Valmont Industries will post 22.82 EPS for the current fiscal year.

Insider Buying and Selling at Valmont Industries

In related news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $492.34, for a total value of $8,615,950.00. Following the transaction, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. This trade represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is owned by company insiders.

Institutional Trading of Valmont Industries

A number of hedge funds have recently bought and sold shares of VMI. Congress Asset Management Co. boosted its stake in Valmont Industries by 14.1% in the 4th quarter. Congress Asset Management Co. now owns 85,346 shares of the industrial products company’s stock worth $34,336,000 after purchasing an additional 10,518 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Valmont Industries during the 3rd quarter valued at $1,749,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Valmont Industries by 6,762.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,853 shares of the industrial products company’s stock valued at $3,562,000 after purchasing an additional 8,724 shares in the last quarter. Dakota Wealth Management purchased a new stake in shares of Valmont Industries in the fourth quarter valued at $581,000. Finally, Leuthold Group LLC boosted its position in shares of Valmont Industries by 983.7% in the fourth quarter. Leuthold Group LLC now owns 11,498 shares of the industrial products company’s stock worth $4,626,000 after buying an additional 10,437 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Key Valmont Industries News

Here are the key news stories impacting Valmont Industries this week:

• Positive Sentiment: Valmont beat second-quarter estimates, reporting EPS of $6.14 versus expectations of $5.76 and revenue of $1.12 billion versus $1.09 billion expected, suggesting solid operational performance. Article Title
• Positive Sentiment: The company raised full-year guidance, and commentary highlighted strong utility/infrastructure demand, which supports the long-term growth story for VMI. Article Title
• Neutral Sentiment: Analysts continued to frame the quarter as a mixed setup: strong utility growth and better earnings, but only a moderate increase to EPS guidance, which may have limited the upside reaction. Article Title
• Neutral Sentiment: Recent price-target updates remain constructive, including Stifel’s move to $678 and JP Morgan’s $600 target, indicating Wall Street still sees upside despite the pullback. Article Title
• Negative Sentiment: Shares fell as investors weighed lingering weakness in agriculture and softer telecommunications demand, which offset the strong headline earnings beat. Article Title
• Negative Sentiment: GuruFocus said VMI remains overvalued on its GF Value measure, reinforcing concerns that the stock may have gotten ahead of fundamentals. Article Title

About Valmont Industries

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.