Valmont Industries (NYSE:VMI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Valmont Industries (NYSE:VMI) had its target price increased by stock analysts at JPMorgan Chase & Co. from $520.00 to $600.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 5.82% from the company’s current price.

Several other equities analysts also recently commented on VMI. Zacks Research raised Valmont Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Valmont Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 31st. Weiss Ratings downgraded shares of Valmont Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Stifel Nicolaus upped their target price on shares of Valmont Industries from $497.00 to $541.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, DA Davidson lifted their price target on shares of Valmont Industries from $415.00 to $450.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valmont Industries has a consensus rating of “Moderate Buy” and a consensus price target of $547.75.

Valmont Industries Trading Up 1.9%

Valmont Industries stock traded up $10.47 during midday trading on Wednesday, reaching $566.98. The stock had a trading volume of 35,141 shares, compared to its average volume of 192,303. The company has a quick ratio of 1.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.47. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. Valmont Industries has a 52-week low of $316.56 and a 52-week high of $573.70. The company has a fifty day moving average of $494.21 and a 200 day moving average of $452.10.

Valmont Industries (NYSE:VMI) last announced its earnings results on Tuesday, April 21st. The industrial products company reported $5.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.79. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $994.85 million. Valmont Industries had a return on equity of 24.94% and a net margin of 8.91%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.32 earnings per share. On average, analysts anticipate that Valmont Industries will post 22.83 earnings per share for the current fiscal year.

Insider Activity at Valmont Industries

In other news, Director Mogens C. Bay sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $492.34, for a total value of $8,615,950.00. Following the completion of the sale, the director owned 112,309 shares of the company’s stock, valued at approximately $55,294,213.06. This represents a 13.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Institutional Trading of Valmont Industries

A number of hedge funds have recently bought and sold shares of VMI. Community Bank N.A. bought a new stake in Valmont Industries during the third quarter valued at about $25,000. Elyxium Wealth LLC bought a new stake in shares of Valmont Industries in the 4th quarter valued at about $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Valmont Industries in the 4th quarter worth approximately $27,000. Leonteq Securities AG bought a new position in shares of Valmont Industries during the 4th quarter worth approximately $30,000. Finally, State of Wyoming bought a new position in shares of Valmont Industries during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 87.84% of the company’s stock.

About Valmont Industries

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.