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

Key Points

• Weiss Ratings has reiterated a "hold (C)" rating for Valmont Industries (NYSE:VMI) in a recent research report.
• Valmont Industries' shares experienced a 3.6% increase on Wednesday, bringing the price to $411.66, with a 1-year low of $250.07 and a high of $411.17.
• Analysts have various ratings for the stock, with an average rating of "Moderate Buy" and an average target price of $420.67, indicating positive sentiment among investment analysts.

Valmont Industries (NYSE:VMI - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research report on Friday, September 26th. They issued an "overweight" rating and a $480.00 price target for the company. Stifel Nicolaus upped their price target on shares of Valmont Industries from $345.00 to $382.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Valmont Industries from a "hold" rating to a "buy" rating in a research report on Friday, October 3rd. Finally, DA Davidson upped their target price on shares of Valmont Industries from $380.00 to $400.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Valmont Industries has an average rating of "Moderate Buy" and an average target price of $420.67.

Valmont Industries Trading Up 3.6%

Shares of NYSE:VMI traded up $14.43 on Wednesday, hitting $411.66. The company had a trading volume of 87,621 shares, compared to its average volume of 168,487. Valmont Industries has a 1 year low of $250.07 and a 1 year high of $411.17. The firm has a market capitalization of $8.13 billion, a price-to-earnings ratio of 38.17 and a beta of 1.15. The firm's 50-day simple moving average is $375.23 and its two-hundred day simple moving average is $334.80. 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 issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $4.88 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.03 billion. During the same period last year, the company posted $4.91 EPS. Valmont Industries's revenue was up 1.0% on a year-over-year basis. Valmont Industries has set its FY 2025 guidance at 17.500-19.500 EPS. Equities analysts anticipate that Valmont Industries will post 18.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Valmont Industries news, CAO Timothy P. Francis sold 2,867 shares of the 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 completion of the transaction, the chief accounting officer owned 9,746 shares in the company, valued at $3,494,135.92. This trade represents a 22.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Valmont Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Valmont Industries by 0.4% in the first quarter. Principal Financial Group Inc. now owns 46,566 shares of the industrial products company's stock valued at $13,289,000 after acquiring an additional 172 shares during the period. GAMMA Investing LLC raised its stake in shares of Valmont Industries by 82.3% in the first quarter. GAMMA Investing LLC now owns 226 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake 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 stake in shares of Valmont Industries by 16.1% in the first quarter. Janney Montgomery Scott LLC now owns 1,490 shares of the industrial products company's stock valued at $425,000 after acquiring an additional 207 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Valmont Industries in the first quarter valued at $317,000. 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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