Weiss Ratings Reaffirms Hold (C) Rating for Valmont Industries (NYSE:VMI)

Key Points

• Weiss Ratings has restated its "hold (C)" rating for Valmont Industries (NYSE:VMI), while other analysts have issued upgrades, including Stifel Nicolaus raising their price target to $450.00.
• Valmont Industries reported a quarterly earnings per share of $4.98, exceeding analysts' expectations, with revenue of $1.05 billion for the quarter.
• The stock is currently priced at $418.71 with a market cap of $8.27 billion and has shown significant insider selling activity, with CAO Timothy P. Francis selling nearly 3,000 shares.

Valmont Industries (NYSE:VMI - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus upped their price objective on shares of Valmont Industries from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. initiated coverage on shares of Valmont Industries in a research report on Friday, September 26th. They set an "overweight" rating and a $480.00 price objective for the company. Wall Street Zen upgraded Valmont Industries from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. Finally, DA Davidson upped their target price on Valmont Industries from $400.00 to $415.00 and gave the company a "neutral" rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Valmont Industries has an average rating of "Moderate Buy" and a consensus price target of $448.33.

Valmont Industries Stock Performance

Shares of VMI traded up $7.41 during trading hours on Friday, hitting $418.71. The company had a trading volume of 51,441 shares, compared to its average volume of 167,767. The firm has a market cap of $8.27 billion, a price-to-earnings ratio of 36.07 and a beta of 1.15. The company has a quick ratio of 1.44, a current ratio of 2.26 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $383.79 and a 200-day moving average of $344.13. Valmont Industries has a 12 month low of $250.07 and a 12 month high of $420.00.

Valmont Industries (NYSE:VMI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $4.98 EPS for the quarter, beating analysts' consensus estimates of $4.64 by $0.34. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Valmont Industries had a return on equity of 22.92% and a net margin of 6.33%.Valmont Industries's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.11 earnings per share. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. Equities analysts anticipate that Valmont Industries will post 18.07 EPS for the current fiscal year.

Insider Buying and Selling at Valmont Industries

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Valmont Industries by 82.3% during the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Valmont Industries by 18.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,579 shares of the industrial products company's stock valued at $736,000 after acquiring an additional 393 shares during the period. Janney Montgomery Scott LLC raised its position in Valmont Industries by 16.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock valued at $425,000 after purchasing an additional 207 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Valmont Industries by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 2,347 shares of the industrial products company's stock worth $669,000 after buying an additional 60 shares in the last quarter. Finally, TBH Global Asset Management LLC grew its holdings in shares of Valmont Industries by 1.5% during the first quarter. TBH Global Asset Management LLC now owns 3,945 shares of the industrial products company's stock valued at $1,126,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors 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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