Valmont Industries (NYSE:VMI) Price Target Increased to $325.00 by Analysts at Stifel Nicolaus

Valmont Industries (NYSE:VMI) had its price target hoisted by equities research analysts at Stifel Nicolaus from $285.00 to $325.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target points to a potential upside of 13.73% from the stock’s current price.

Separately, StockNews.com raised Valmont Industries from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $300.00.

Valmont Industries Trading Down 0.4 %

VMI stock traded down $1.07 during trading on Thursday, hitting $285.77. 44,869 shares of the company traded hands, compared to its average volume of 178,365. The firm has a market capitalization of $5.77 billion, a PE ratio of 37.63 and a beta of 1.03. Valmont Industries has a 1 year low of $188.63 and a 1 year high of $290.15. The company has a 50-day moving average of $264.08 and a 200-day moving average of $237.62. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.65 and a current ratio of 2.64.

Valmont Industries (NYSE:VMI) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $4.32 earnings per share for the quarter, beating the consensus estimate of $3.24 by $1.08. The company had revenue of $977.83 million during the quarter, compared to analysts’ expectations of $986.98 million. Valmont Industries had a return on equity of 22.14% and a net margin of 3.83%. Valmont Industries’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.54 EPS. Analysts predict that Valmont Industries will post 15.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in VMI. Sound Income Strategies LLC bought a new position in shares of Valmont Industries in the 4th quarter worth approximately $29,000. Mather Group LLC. raised its position in shares of Valmont Industries by 2,060.0% in the 2nd quarter. Mather Group LLC. now owns 108 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 103 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Valmont Industries by 188.9% in the 4th quarter. Avior Wealth Management LLC now owns 130 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 85 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Valmont Industries by 633.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 132 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 114 shares in the last quarter. Finally, AdvisorNet Financial Inc bought a new position in shares of Valmont Industries in the 4th quarter worth approximately $44,000. 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.