Valmont Industries (NYSE:VMI) Upgraded at Wall Street Zen

Valmont Industries (NYSE:VMI - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other research analysts also recently issued reports about the stock. DA Davidson downgraded shares of Valmont Industries from a "buy" rating to a "neutral" rating and set a $380.00 price target on the stock. in a research note on Wednesday, February 19th. William Blair raised shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd.

Valmont Industries Price Performance

VMI traded down $0.73 on Friday, reaching $317.31. The company had a trading volume of 93,847 shares, compared to its average volume of 140,663. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 18.47 and a beta of 1.10. Valmont Industries has a 52-week low of $244.83 and a 52-week high of $379.22. The business has a 50 day simple moving average of $296.92 and a 200 day simple moving average of $317.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.55 and a current ratio of 2.07.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $4.32 EPS for the quarter, topping the consensus estimate of $4.24 by $0.08. The firm had revenue of $969.31 million for the quarter, compared to the consensus estimate of $976.04 million. Valmont Industries had a net margin of 8.55% and a return on equity of 23.15%. As a group, sell-side analysts anticipate that Valmont Industries will post 18.07 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VMI. Barclays PLC boosted its holdings in Valmont Industries by 91.6% in the third quarter. Barclays PLC now owns 14,488 shares of the industrial products company's stock valued at $4,200,000 after acquiring an additional 6,927 shares in the last quarter. LaFleur & Godfrey LLC boosted its holdings in Valmont Industries by 2.3% in the fourth quarter. LaFleur & Godfrey LLC now owns 13,873 shares of the industrial products company's stock valued at $4,254,000 after acquiring an additional 308 shares in the last quarter. Blue Trust Inc. boosted its holdings in Valmont Industries by 7.5% in the fourth quarter. Blue Trust Inc. now owns 1,085 shares of the industrial products company's stock valued at $315,000 after acquiring an additional 76 shares in the last quarter. KBC Group NV boosted its holdings in Valmont Industries by 2.2% in the fourth quarter. KBC Group NV now owns 12,830 shares of the industrial products company's stock valued at $3,935,000 after acquiring an additional 274 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Valmont Industries by 1.6% in the fourth quarter. Pacer Advisors Inc. now owns 2,989 shares of the industrial products company's stock valued at $917,000 after acquiring an additional 47 shares in the last quarter. 87.84% of the stock is owned by hedge funds and other institutional investors.

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.