Valmont Industries (NYSE:VMI) Upgraded by Wall Street Zen to "Buy" Rating

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

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

Valmont Industries Price Performance

Valmont Industries stock opened at $360.83 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.50. The business has a 50 day simple moving average of $329.05 and a 200-day simple moving average of $319.00. Valmont Industries has a 12 month low of $250.07 and a 12 month high of $379.22. The stock has a market capitalization of $7.24 billion, a PE ratio of 33.60 and a beta of 1.12.

Valmont Industries (NYSE:VMI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $4.88 EPS 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 company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $4.91 EPS. Valmont Industries's quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts predict that Valmont Industries will post 18.07 earnings per share for the current year.

Institutional Investors Weigh In On Valmont Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Valmont Industries by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 1,990,839 shares of the industrial products company's stock worth $610,531,000 after buying an additional 6,967 shares in the last quarter. Franklin Resources Inc. raised its position in Valmont Industries by 23.3% during the fourth quarter. Franklin Resources Inc. now owns 502,192 shares of the industrial products company's stock worth $154,007,000 after acquiring an additional 94,884 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Valmont Industries by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 429,900 shares of the industrial products company's stock valued at $122,682,000 after purchasing an additional 4,722 shares in the last quarter. Earnest Partners LLC grew its position in shares of Valmont Industries by 4.3% in the fourth quarter. Earnest Partners LLC now owns 397,523 shares of the industrial products company's stock valued at $121,908,000 after purchasing an additional 16,302 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Valmont Industries by 3.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 299,901 shares of the industrial products company's stock worth $85,583,000 after purchasing an additional 9,979 shares in 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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