Valmont Industries, Inc. (NYSE:VMI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Valmont Industries, Inc. (NYSE:VMI) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $462.3333.

Several equities analysts recently issued reports on VMI shares. Wall Street Zen raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Stifel Nicolaus upped their price target on Valmont Industries from $491.00 to $492.00 and gave the company a “buy” rating in a report on Friday, January 23rd. DA Davidson increased their price objective on Valmont Industries from $400.00 to $415.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 29th.

Institutional Investors Weigh In On Valmont Industries

A number of hedge funds have recently added to or reduced their stakes in VMI. Riverwater Partners LLC boosted its holdings in shares of Valmont Industries by 195.4% in the fourth quarter. Riverwater Partners LLC now owns 3,675 shares of the industrial products company’s stock worth $1,479,000 after buying an additional 2,431 shares during the last quarter. Aviva PLC raised its position in Valmont Industries by 3.6% in the fourth quarter. Aviva PLC now owns 1,452 shares of the industrial products company’s stock worth $584,000 after acquiring an additional 51 shares during the period. Caerus Investment Advisors LLC purchased a new position in shares of Valmont Industries during the 4th quarter worth $267,000. NDVR Inc. bought a new stake in shares of Valmont Industries during the 4th quarter valued at $202,000. Finally, CSM Advisors LLC increased its stake in shares of Valmont Industries by 5.2% in the 4th quarter. CSM Advisors LLC now owns 13,971 shares of the industrial products company’s stock worth $5,620,000 after purchasing an additional 696 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.

Valmont Industries Stock Up 0.9%

Shares of Valmont Industries stock opened at $478.69 on Thursday. The company has a 50-day simple moving average of $430.81 and a two-hundred day simple moving average of $403.14. The stock has a market capitalization of $9.43 billion, a PE ratio of 41.23 and a beta of 1.22. Valmont Industries has a 52-week low of $250.07 and a 52-week high of $487.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26.

Valmont Industries Company Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.