Valmont Industries (NYSE:VMI) Rating Increased to Buy at Wall Street Zen

Key Points

• Valmont Industries' rating was upgraded from "hold" to "buy" by Wall Street Zen, indicating increased optimism among analysts regarding the stock's performance.
• JPMorgan Chase & Co. set an "overweight" rating with a target price of $480.00, while the average price target for the stock is currently $420.67.
• Valmont Industries reported earnings per share of $4.88, surpassing expectations, and forecasts indicate an EPS range of 17.500-19.500 for FY 2025.

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

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research note on Friday, September 26th. They issued an "overweight" rating and a $480.00 target price on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Valmont Industries in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their target price 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. Finally, DA Davidson lifted their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $420.67.

Valmont Industries Trading Down 0.4%

Shares of VMI opened at $404.70 on Friday. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 37.68 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.44 and a current ratio of 2.15. Valmont Industries has a fifty-two week low of $250.07 and a fifty-two week high of $414.53. The firm has a 50 day moving average price of $381.18 and a 200-day moving average price of $340.78.

Valmont Industries (NYSE:VMI - Get Free Report) last announced 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. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.91 EPS. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. As a group, equities research analysts forecast that Valmont Industries will post 18.07 earnings per share for the current year.

Insider Transactions at Valmont Industries

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $358.52, for a total transaction of $1,027,876.84. Following the transaction, the chief accounting officer directly owned 9,746 shares of the company's stock, valued at approximately $3,494,135.92. The trade was a 22.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.

Institutional Trading of Valmont Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of Valmont Industries by 2.7% in the 2nd quarter. Franklin Resources Inc. now owns 525,890 shares of the industrial products company's stock worth $171,740,000 after buying an additional 13,578 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Valmont Industries by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock worth $122,682,000 after buying an additional 4,722 shares during the period. Invesco Ltd. boosted its stake in Valmont Industries by 83.5% in the 2nd quarter. Invesco Ltd. now owns 390,615 shares of the industrial products company's stock worth $127,563,000 after purchasing an additional 177,749 shares in the last quarter. Geode Capital Management LLC boosted its stake in Valmont Industries by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 354,241 shares of the industrial products company's stock worth $115,704,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in Valmont Industries by 0.8% in the 2nd quarter. Impax Asset Management Group plc now owns 313,588 shares of the industrial products company's stock worth $102,408,000 after purchasing an additional 2,500 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.

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