Stifel Nicolaus Has Lowered Expectations for Valmont Industries (NYSE:VMI) Stock Price

Valmont Industries (NYSE:VMI - Get Free Report) had its price target reduced by investment analysts at Stifel Nicolaus from $425.00 to $343.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price target would indicate a potential upside of 23.67% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. StockNews.com cut Valmont Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th. William Blair lowered Valmont Industries from an "outperform" rating to a "market perform" rating in a research note on Friday, March 21st. Finally, DA Davidson cut Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research report on Wednesday, February 19th.

Valmont Industries Stock Down 1.3 %

VMI stock traded down $3.76 during midday trading on Monday, hitting $277.35. 125,469 shares of the company's stock were exchanged, compared to its average volume of 147,316. The firm has a 50 day moving average price of $311.41 and a 200-day moving average price of $319.20. Valmont Industries has a 12-month low of $202.01 and a 12-month high of $379.22. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 16.14 and a beta of 1.07. The company has a current ratio of 2.07, a quick ratio of 1.55 and a debt-to-equity ratio of 0.47.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $3.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.63 by $0.21. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $3.18 earnings per share. On average, analysts anticipate that Valmont Industries will post 18.07 EPS for the current year.

Institutional Investors Weigh In On Valmont Industries

A number of institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Valmont Industries during the fourth quarter valued at approximately $67,822,000. Franklin Resources Inc. grew its position in Valmont Industries by 57.6% in the third quarter. Franklin Resources Inc. now owns 407,308 shares of the industrial products company's stock valued at $123,512,000 after acquiring an additional 148,811 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Valmont Industries by 51,911.3% during the 1st quarter. GAMMA Investing LLC now owns 64,494 shares of the industrial products company's stock valued at $18,405,000 after purchasing an additional 64,370 shares during the last quarter. US Bancorp DE grew its holdings in shares of Valmont Industries by 2,077.0% during the 4th quarter. US Bancorp DE now owns 58,779 shares of the industrial products company's stock valued at $18,026,000 after purchasing an additional 56,079 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in Valmont Industries in the 4th quarter valued at approximately $14,180,000. 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.