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

Valmont Industries (NYSE:VMI) had its target price raised by research analysts at Stifel Nicolaus from $350.00 to $360.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 14.11% from the stock’s current price.

VMI has been the topic of several other reports. StockNews.com raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th. DA Davidson increased their target price on shares of Valmont Industries from $340.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $370.00.

Valmont Industries Stock Performance

NYSE:VMI traded down $10.11 during mid-day trading on Thursday, hitting $315.49. The company’s stock had a trading volume of 53,467 shares, compared to its average volume of 156,719. Valmont Industries has a 1 year low of $188.63 and a 1 year high of $330.97. 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 cap of $6.36 billion, a price-to-earnings ratio of 21.34 and a beta of 1.02. The business’s fifty day moving average is $286.70 and its two-hundred day moving average is $268.11.

Valmont Industries (NYSE:VMI) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $4.11 EPS for the quarter, beating the consensus estimate of $4.00 by $0.11. Valmont Industries had a net margin of 7.38% and a return on equity of 23.63%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company earned $4.12 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Analysts anticipate that Valmont Industries will post 16.78 EPS for the current fiscal year.

Insider Buying and Selling at Valmont Industries

In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction dated 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 owns 9,471 shares in the company, valued at approximately $2,826,998.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Valmont Industries news, CFO Timothy P. Francis sold 2,300 shares of the stock in a transaction dated 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 owns 9,471 shares in the company, valued at approximately $2,826,998.79. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theodor Werner Freye sold 1,600 shares of the firm’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 owns 3,685 shares of the company’s stock, valued at $1,105,942.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Institutional Trading of Valmont Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Valmont Industries by 117.4% during the 3rd quarter. GAMMA Investing LLC now owns 100 shares of the industrial products company’s stock worth $29,000 after buying an additional 54 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Valmont Industries by 2,060.0% during the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after buying an additional 103 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Valmont Industries during the 3rd quarter worth approximately $39,000. Quarry LP increased its holdings in Valmont Industries by 268.0% in the 2nd quarter. Quarry LP now owns 184 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 134 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new stake in Valmont Industries in the 2nd quarter valued at approximately $52,000. Institutional investors and hedge funds 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.