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

Valmont Industries (NYSE:VMIGet Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Stifel Nicolaus reiterated a “buy” rating and set a $249.00 price target on shares of Valmont Industries in a report on Monday, March 25th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Valmont Industries currently has an average rating of “Moderate Buy” and a consensus price target of $262.00.

Check Out Our Latest Stock Analysis on VMI

Valmont Industries Stock Up 1.3 %

Shares of NYSE:VMI opened at $263.66 on Tuesday. The company has a quick ratio of 1.65, a current ratio of 2.64 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average of $260.99 and a two-hundred day moving average of $236.06. The stock has a market cap of $5.32 billion, a P/E ratio of 34.74 and a beta of 1.03. Valmont Industries has a 52-week low of $188.63 and a 52-week high of $291.85.

Valmont Industries (NYSE:VMIGet Free Report) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $1.08. The company had revenue of $977.83 million during the quarter, compared to analysts’ expectations of $986.98 million. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.54 EPS. On average, research analysts expect that Valmont Industries will post 15.94 earnings per share for the current year.

Hedge Funds Weigh In On Valmont Industries

Several hedge funds have recently bought and sold shares of VMI. Sound Income Strategies LLC acquired a new position in Valmont Industries during the 4th quarter worth about $29,000. Mather Group LLC. raised its position in 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 in the last quarter. Avior Wealth Management LLC raised its position in Valmont Industries by 188.9% in the 4th quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 85 shares in the last quarter. SRS Capital Advisors Inc. raised its position in Valmont Industries by 633.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new stake in Valmont Industries in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 87.84% of the company’s stock.

Valmont Industries Company Profile

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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.

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