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 released on Tuesday.

VMI has been the topic of several other research reports. DA Davidson downgraded Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price target on the stock. in a report on Wednesday, February 19th. Stifel Nicolaus raised their price target on Valmont Industries from $387.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th.

Valmont Industries Stock Performance

NYSE:VMI traded up $3.84 during trading hours on Tuesday, reaching $321.74. 154,954 shares of the stock were exchanged, compared to its average volume of 132,034. The company has a quick ratio of 1.55, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $329.94 and a 200-day simple moving average of $317.24. Valmont Industries has a 52 week low of $202.01 and a 52 week high of $379.22. The stock has a market capitalization of $6.45 billion, a P/E ratio of 18.73 and a beta of 0.98.

Valmont Industries (NYSE:VMI) last released its earnings results on Tuesday, February 18th. The industrial products company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.21. Valmont Industries had a return on equity of 23.15% and a net margin of 8.55%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted $3.18 EPS. As a group, sell-side analysts forecast that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Institutional Trading of Valmont Industries

Several large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in Valmont Industries by 12.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 279 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 31 shares during the period. Oppenheimer Asset Management Inc. increased its position in Valmont Industries by 0.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,950 shares of the industrial products company’s stock valued at $1,211,000 after acquiring an additional 34 shares during the period. Huntington National Bank increased its position in Valmont Industries by 16.5% in the 3rd quarter. Huntington National Bank now owns 247 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 35 shares during the period. PNC Financial Services Group Inc. increased its position in Valmont Industries by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,538 shares of the industrial products company’s stock valued at $472,000 after acquiring an additional 35 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Valmont Industries by 16.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 249 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 36 shares during the period. 87.84% of the stock is currently owned by institutional investors and hedge funds.

About Valmont Industries

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.