Valmont Industries (NYSE:VMI) Stock Rating Upgraded by StockNews.com

Valmont Industries (NYSE:VMI) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

VMI has been the subject of several other research reports. Stifel Nicolaus lifted their price objective on shares of Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. DA Davidson cut shares of Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a research report on Wednesday, February 19th.

Valmont Industries Price Performance

Shares of VMI opened at $326.72 on Tuesday. The company’s 50-day moving average is $330.35 and its 200-day moving average is $317.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.55. The firm has a market capitalization of $6.55 billion, a PE ratio of 19.02 and a beta of 0.98. Valmont Industries has a fifty-two week low of $202.01 and a fifty-two week high of $379.22.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. During the same quarter in the previous year, the company posted $3.18 earnings per share. Equities analysts forecast that Valmont Industries will post 18.07 EPS for the current year.

Hedge Funds Weigh In On Valmont Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its position in Valmont Industries by 12.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 31 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Valmont Industries by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock worth $1,211,000 after purchasing an additional 34 shares during the period. Huntington National Bank grew its stake in shares of Valmont Industries by 16.5% in the third quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 35 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Valmont Industries by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock valued at $472,000 after buying an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Valmont Industries by 16.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 36 shares during the period. Institutional investors own 87.84% of the company’s stock.

Valmont Industries Company Profile

Valmont Industries, Inc operates as manufacturer of products and services for infrastructure and agriculture markets in the United States, Australia, Brazil, and internationally. It operates through two segments, Infrastructure and Agriculture. The company manufactures and distributes steel, pre-stressed concrete, composite structures for electrical transmission, substation, and distribution applications; and designs, engineers, and manufactures metal, steel, wood, aluminum, and composite poles and structures for lighting and transportation applications.