William Blair Downgrades Valmont Industries (NYSE:VMI) to Market Perform

Valmont Industries (NYSE:VMI) was downgraded by William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, Marketbeat Ratings reports.

Several other brokerages have also issued reports on VMI. Stifel Nicolaus boosted their price target 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. StockNews.com cut Valmont Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, DA Davidson cut Valmont Industries from a “buy” rating to a “neutral” rating and set a $380.00 price objective for the company. in a report on Wednesday, February 19th.

Valmont Industries Trading Down 1.3 %

Valmont Industries stock opened at $326.50 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07. Valmont Industries has a fifty-two week low of $202.01 and a fifty-two week high of $379.22. The stock has a market cap of $6.55 billion, a P/E ratio of 19.00 and a beta of 0.98. The firm’s fifty day moving average price is $332.53 and its 200-day moving average price is $318.77.

Valmont Industries (NYSE:VMI) last released its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.21. The firm had revenue of $1.04 billion for 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 last year, the firm posted $3.18 EPS. Equities research analysts forecast that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Institutional Trading of Valmont Industries

Several hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in shares of Valmont Industries during the third quarter valued at about $35,000. Point72 Asset Management L.P. bought a new position in Valmont Industries during the 3rd quarter worth approximately $58,000. Aster Capital Management DIFC Ltd lifted its position in Valmont Industries by 175.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 193 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 123 shares during the last quarter. Quarry LP lifted its position in Valmont Industries by 395.1% in the fourth quarter. Quarry LP now owns 203 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 162 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of Valmont Industries by 35.9% during the fourth quarter. Avior Wealth Management LLC now owns 212 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 56 shares during the period. 87.84% of the stock is owned by institutional investors.

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.