Valmont Industries (NYSE:VMI) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Valmont Industries (NYSE:VMIGet Free Report) had its target price upped by equities researchers at Stifel Nicolaus from $541.00 to $645.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 12.36% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Wall Street Zen upgraded Valmont Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 31st. Zacks Research upgraded Valmont Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Weiss Ratings downgraded Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. 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. Finally, JPMorgan Chase & Co. raised their price target on Valmont Industries from $520.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $573.75.

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Valmont Industries Stock Up 3.2%

Shares of VMI traded up $17.54 during mid-day trading on Wednesday, reaching $574.05. The company’s stock had a trading volume of 109,893 shares, compared to its average volume of 193,015. Valmont Industries has a 12-month low of $316.56 and a 12-month high of $575.89. The stock has a market cap of $11.14 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. 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 company’s 50 day moving average is $494.21 and its 200 day moving average is $452.10.

Valmont Industries (NYSE:VMIGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The industrial products company reported $5.51 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 business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $994.85 million. During the same quarter in the prior year, the business posted $4.32 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts anticipate that Valmont Industries will post 22.83 EPS for the current fiscal year.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, Director Mogens C. Bay sold 17,500 shares of Valmont Industries stock in a transaction that occurred on 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 directly owned 112,309 shares in the company, 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. Company insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Robert B. Daugherty Foundation acquired a new stake in shares of Valmont Industries in the 4th quarter valued at approximately $100,580,000. Norges Bank acquired a new stake in shares of Valmont Industries in the 4th quarter valued at approximately $99,799,000. Ninety One UK Ltd acquired a new stake in shares of Valmont Industries in the 4th quarter valued at approximately $66,103,000. AQR Capital Management LLC lifted its holdings in shares of Valmont Industries by 118.8% in the 3rd quarter. AQR Capital Management LLC now owns 282,610 shares of the industrial products company’s stock valued at $108,884,000 after buying an additional 153,418 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Valmont Industries by 882.8% in the 3rd quarter. Schroder Investment Management Group now owns 98,962 shares of the industrial products company’s stock valued at $37,829,000 after buying an additional 88,893 shares during the period. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries News Roundup

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

Valmont Industries Company Profile

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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.

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