Valmont Industries (NYSE:VMI) had its price target trimmed by Stifel Nicolaus from $181.00 to $160.00 in a report released on Friday. The firm currently has a hold rating on the industrial products company’s stock.
VMI has been the subject of a number of other reports. Zacks Investment Research cut shares of Valmont Industries from a buy rating to a hold rating in a report on Thursday, January 25th. Seaport Global Securities cut shares of Valmont Industries from a buy rating to a neutral rating in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Boenning Scattergood reaffirmed a buy rating and issued a $185.00 target price on shares of Valmont Industries in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $173.75.
Valmont Industries (NYSE VMI) opened at $149.25 on Friday. The company has a quick ratio of 2.61, a current ratio of 3.65 and a debt-to-equity ratio of 0.65. Valmont Industries has a 12 month low of $140.90 and a 12 month high of $176.35. The stock has a market cap of $3,374.20, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 1.87 and a beta of 0.98.
In other news, VP Vanessa Kay Brown sold 3,059 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.74, for a total value of $525,352.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Gofen & Glossberg LLC IL purchased a new stake in shares of Valmont Industries in the third quarter valued at about $209,000. Clarus Wealth Advisors purchased a new stake in shares of Valmont Industries in the fourth quarter valued at about $214,000. State of Alaska Department of Revenue purchased a new stake in shares of Valmont Industries in the fourth quarter valued at about $215,000. Trexquant Investment LP purchased a new stake in shares of Valmont Industries in the third quarter valued at about $252,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Valmont Industries in the fourth quarter valued at about $253,000. 85.73% of the stock is owned by institutional investors and hedge funds.
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Valmont Industries Company Profile
Valmont Industries, Inc is a producer of fabricated metal products, and steel, aluminum and composite pole, tower and other structures, and mechanized irrigation systems. The Company’s segments are Engineered Support Structures (ESS); Utility Support Structures; Energy and Mining; Coatings; Irrigation, and Other.
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