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

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 research report issued on Friday.

Several other research analysts have also recently issued reports on VMI. William Blair upgraded shares of Valmont Industries from a "market perform" rating to an "outperform" rating in a report on Wednesday, April 23rd. Stifel Nicolaus upped their target price on Valmont Industries from $343.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd.

Valmont Industries Stock Down 0.0%

VMI traded down $0.04 on Friday, reaching $336.20. The company's stock had a trading volume of 181,328 shares, compared to its average volume of 140,658. Valmont Industries has a 1 year low of $250.07 and a 1 year high of $379.22. The business's 50 day moving average is $325.94 and its 200 day moving average is $317.44. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.26 and a quick ratio of 1.50. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 19.57 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last issued 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. Valmont Industries had a net margin of 8.55% and a return on equity of 22.27%. The business had revenue of $969.31 million for the quarter, compared to analysts' expectations of $976.04 million. As a group, research analysts forecast that Valmont Industries will post 18.07 EPS for the current fiscal year.

Institutional Trading of Valmont Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Valmont Industries in the fourth quarter worth about $4,166,000. Axxcess Wealth Management LLC grew its holdings in Valmont Industries by 7.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 1,448 shares of the industrial products company's stock valued at $444,000 after buying an additional 97 shares during the last quarter. Xponance Inc. increased its position in Valmont Industries by 5.7% in the 4th quarter. Xponance Inc. now owns 2,292 shares of the industrial products company's stock worth $703,000 after buying an additional 124 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Valmont Industries in the 4th quarter worth approximately $161,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Valmont Industries by 193.2% during the fourth quarter. Teacher Retirement System of Texas now owns 13,078 shares of the industrial products company's stock worth $4,011,000 after buying an additional 8,617 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

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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