Valmont Industries (NYSE:VMI) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Valmont Industries was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, reflecting a shift in market sentiment.
• Despite the downgrade, Stifel Nicolaus and William Blair have upgraded their ratings on the stock, indicating mixed opinions among analysts.
• Valmont Industries reported quarterly earnings of $4.88 per share, exceeding expectations and showing a 1.0% year-over-year revenue increase.

Valmont Industries (NYSE:VMI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

A number of other research analysts have also recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 23rd. Finally, DA Davidson raised their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd.

Valmont Industries Trading Down 1.5%

Shares of VMI opened at $358.64 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.44. The firm has a 50 day simple moving average of $333.59 and a 200-day simple moving average of $320.84. Valmont Industries has a 1-year low of $250.07 and a 1-year high of $379.22. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 33.39 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share for the quarter, topping analysts' consensus estimates of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the company posted $4.91 EPS. The company's revenue was up 1.0% on a year-over-year basis. Equities analysts forecast that Valmont Industries will post 18.07 EPS for the current fiscal year.

Institutional Trading of Valmont Industries

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Valmont Industries by 759.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,967 shares of the industrial products company's stock valued at $49,361,000 after purchasing an additional 152,832 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Valmont Industries by 118.0% in the 1st quarter. Allianz Asset Management GmbH now owns 274,769 shares of the industrial products company's stock valued at $78,411,000 after purchasing an additional 148,740 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Valmont Industries by 5,815.0% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 70,980 shares of the industrial products company's stock valued at $25,179,000 after purchasing an additional 69,780 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Valmont Industries by 51,911.3% in 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. Finally, Nuveen LLC acquired a new position in shares of Valmont Industries in the 1st quarter valued at $16,519,000. Institutional investors and hedge funds own 87.84% of the company's stock.

Valmont Industries Company Profile

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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