Robeco Schweiz AG Purchases 3,936 Shares of Valmont Industries, Inc. $VMI

Key Points

• Robeco Schweiz AG acquired 3,936 shares of Valmont Industries valued at approximately $1.82 million during the third quarter. Institutional investors and hedge funds collectively own 87.84% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $587. JPMorgan and Stifel Nicolaus recently raised their targets to $620 and $678, respectively.
• Valmont’s latest quarterly results exceeded expectations, reporting adjusted EPS of $6.24 versus the $5.70 consensus estimate, while revenue increased 5.5% year over year to $1.10 billion.

Robeco Schweiz AG acquired a new stake in Valmont Industries, Inc. (NYSE:VMI - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 3,936 shares of the industrial products company's stock, valued at approximately $1,822,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Valmont Industries during the 2nd quarter worth $1,141,369,000. Bank of America Corp DE purchased a new stake in shares of Valmont Industries in the second quarter valued at about $175,408,000. Ninety One UK Ltd increased its stake in shares of Valmont Industries by 4.6% during the third quarter. Ninety One UK Ltd now owns 198,650 shares of the industrial products company's stock worth $91,971,000 after acquiring an additional 8,651 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Valmont Industries during the second quarter worth about $83,723,000. Finally, Jupiter Topco LLC acquired a new position in shares of Valmont Industries during the second quarter worth about $75,308,000. 87.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Valmont Industries from $600.00 to $620.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Wall Street Zen raised Valmont Industries from a "hold" rating to a "buy" rating in a report on Saturday. Weiss Ratings upgraded Valmont Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Zacks Research downgraded Valmont Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Stifel Nicolaus raised their price target on Valmont Industries from $645.00 to $678.00 and gave the company a "buy" rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Valmont Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $587.00.

Valmont Industries Stock Up 0.1%

Shares of NYSE VMI opened at $435.44 on Monday. The company has a quick ratio of 1.56, a current ratio of 2.41 and a debt-to-equity ratio of 0.43. Valmont Industries, Inc. has a 52 week low of $378.02 and a 52 week high of $585.71. The firm has a 50-day moving average price of $471.02 and a 200 day moving average price of $496.65. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34.

Valmont Industries (NYSE:VMI - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The industrial products company reported $6.24 EPS for the quarter, topping analysts' consensus estimates of $5.70 by $0.54. Valmont Industries had a net margin of 12.05% and a return on equity of 26.25%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm earned $4.98 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Valmont Industries, Inc. will post 23.27 EPS for the current fiscal year.

Valmont Industries Profile

Valmont Industries, Inc is a global manufacturer of engineered products and services serving the infrastructure and agricultural markets. Founded in 1946 and headquartered in Omaha, Nebraska, the company operates through businesses focused on infrastructure, coatings, and water management.

Its infrastructure products include utility and transmission structures, lighting and traffic poles, highway and transportation structures, and related support systems. Valmont also provides hot-dip galvanizing and other protective coatings designed to extend the service life of steel products used in industrial, infrastructure, and commercial applications.

In agriculture, the company manufactures mechanized irrigation equipment, including center-pivot and linear irrigation systems, as well as agricultural products and services intended to support water conservation and crop production.

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