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

Key Points

• Valmont Industries has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating positive sentiment from analysts.
• The company's recent quarterly earnings report showed an EPS of $4.88, surpassing expectations, with revenues reaching $1.05 billion.
• Valmont Industries currently has a consensus "Moderate Buy" rating, with three analysts issuing Buy recommendations and an average target price of $420.67.

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 research note issued to investors on Friday.

Several other analysts have also recently issued reports on VMI. Weiss Ratings reissued a "hold (c)" rating on shares of Valmont Industries in a research note on Saturday, September 27th. DA Davidson boosted their price objective on shares of Valmont Industries from $380.00 to $400.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research note on Friday, September 26th. They set an "overweight" rating and a $480.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on shares of Valmont Industries from $345.00 to $382.00 and gave the company a "buy" rating in a report on Monday, July 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $420.67.

Valmont Industries Trading Up 0.4%

Shares of NYSE VMI traded up $1.59 during trading on Friday, hitting $394.46. 152,950 shares of the company traded hands, compared to its average volume of 178,753. Valmont Industries has a 1 year low of $250.07 and a 1 year high of $397.30. The company has a 50-day moving average price of $373.69 and a 200-day moving average price of $333.49. The firm has a market capitalization of $7.79 billion, a P/E ratio of 36.73 and a beta of 1.15. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 0.48.

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 (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.10. Valmont Industries had a net margin of 5.98% and a return on equity of 22.10%. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the company earned $4.91 EPS. The business's quarterly revenue was up 1.0% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. On average, equities analysts predict that Valmont Industries will post 18.07 EPS for the current year.

Insider Buying and Selling

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 value of $1,027,876.84. Following the transaction, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. The trade was a 22.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Valmont Industries

Institutional investors have recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in Valmont Industries in the 1st quarter worth $27,000. Smartleaf Asset Management LLC lifted its holdings in Valmont Industries by 87.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 107 shares of the industrial products company's stock worth $31,000 after buying an additional 50 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Valmont Industries by 93.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 128 shares of the industrial products company's stock worth $42,000 after purchasing an additional 62 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Valmont Industries by 223.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 152 shares of the industrial products company's stock worth $43,000 after purchasing an additional 105 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Valmont Industries in the 2nd quarter worth about $46,000. 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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