Stifel Nicolaus Raises Valmont Industries (NYSE:VMI) Price Target to $360.00

Valmont Industries (NYSE:VMI) had its target price raised by Stifel Nicolaus from $350.00 to $360.00 in a research report released on Thursday, Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Other research analysts also recently issued research reports about the stock. DA Davidson lifted their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com raised Valmont Industries from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 12th.

Valmont Industries Price Performance

Shares of NYSE:VMI opened at $317.15 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.53 and a quick ratio of 1.63. The stock has a market capitalization of $6.40 billion, a P/E ratio of 41.79 and a beta of 1.02. The business has a 50-day moving average of $288.16 and a two-hundred day moving average of $269.76. Valmont Industries has a fifty-two week low of $188.63 and a fifty-two week high of $330.97.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.00 by $0.11. Valmont Industries had a return on equity of 23.63% and a net margin of 7.38%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the business earned $4.12 earnings per share. The company’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts predict that Valmont Industries will post 16.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $298.49, for a total value of $686,527.00. Following the completion of the sale, the chief financial officer now directly owns 9,471 shares of the company’s stock, valued at $2,826,998.79. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Theodor Werner Freye sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $300.12, for a total transaction of $480,192.00. Following the sale, the director now directly owns 3,685 shares in the company, valued at approximately $1,105,942.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Timothy P. Francis sold 2,300 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $298.49, for a total value of $686,527.00. Following the completion of the transaction, the chief financial officer now directly owns 9,471 shares of the company’s stock, valued at approximately $2,826,998.79. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Valmont Industries

Several institutional investors and hedge funds have recently bought and sold shares of the business. Norden Group LLC increased its stake in Valmont Industries by 1,353.5% in the first quarter. Norden Group LLC now owns 23,620 shares of the industrial products company’s stock valued at $5,394,000 after acquiring an additional 21,995 shares during the period. Mather Group LLC. grew its stake in shares of Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 103 shares during the period. Congress Wealth Management LLC DE raised its holdings in shares of Valmont Industries by 11.7% in the 1st quarter. Congress Wealth Management LLC DE now owns 27,673 shares of the industrial products company’s stock worth $6,317,000 after buying an additional 2,909 shares in the last quarter. Trillium Asset Management LLC lifted its position in shares of Valmont Industries by 5.0% during the 1st quarter. Trillium Asset Management LLC now owns 57,547 shares of the industrial products company’s stock worth $13,137,000 after buying an additional 2,723 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Valmont Industries by 292.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,386 shares of the industrial products company’s stock valued at $929,000 after buying an additional 2,523 shares in the last quarter. Institutional investors own 87.84% of the company’s stock.

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.