JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Valmont Industries (NYSE:VMI) Stock

Valmont Industries (NYSE:VMI) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $600.00 to $620.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 27.18% from the stock’s previous close.

A number of other research analysts also recently commented on VMI. Zacks Research downgraded shares of Valmont Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus boosted their target price on shares of Valmont Industries from $645.00 to $678.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings upgraded shares of Valmont Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Finally, Oppenheimer set a $600.00 price target on Valmont Industries and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $587.00.

Valmont Industries Stock Performance

Shares of VMI opened at $487.49 on Wednesday. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.12 and a beta of 1.33. The company has a quick ratio of 1.59, a current ratio of 2.35 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $538.55 and its two-hundred day moving average is $478.22. Valmont Industries has a 52-week low of $352.60 and a 52-week high of $585.71.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, July 21st. The industrial products company reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.80 by $0.34. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Valmont Industries had a net margin of 11.70% and a return on equity of 25.57%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.88 earnings per share. Analysts forecast that Valmont Industries will post 22.86 EPS for the current fiscal year.

Institutional Trading of Valmont Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC increased its stake in shares of Valmont Industries by 0.9% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,303 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 21 shares during the last quarter. Allen Capital Group LLC lifted its stake in shares of Valmont Industries by 2.2% in the 4th quarter. Allen Capital Group LLC now owns 1,130 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 24 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Valmont Industries by 0.4% in the third 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 in the last quarter. Rothschild Investment LLC boosted its holdings in Valmont Industries by 7.1% in the fourth quarter. Rothschild Investment LLC now owns 453 shares of the industrial products company’s stock worth $182,000 after purchasing an additional 30 shares in the last quarter. Finally, Wedmont Private Capital increased its position in Valmont Industries by 5.6% during the fourth quarter. Wedmont Private Capital now owns 582 shares of the industrial products company’s stock worth $245,000 after buying an additional 31 shares during the last quarter. 87.84% of the stock is owned by institutional investors and hedge funds.

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.